Merrett and Worthington using data from 1996-2011 showed that...

Merrett and Worthington using data from 1996-2011 showed that three months of the year provided statistically positive results:

All Ordinaries index indicate significantly higher returns in April, July and December. The mean return of the All Ordinaries Index on any given day of the year is .0288 percent. The mean daily returns in April, July and December are .0846 percent, .0670 percent and .0956 percent respectively.

Those are good odds for July.

(This data includes the poor years resulting from the dot.com bust and the GFC.)

Here's a seasonality chart from Investing Perspectives based on data 2000-2014.



Here's this year's chart for XJO year-to-date with some trend arrows inserted:



We were close to following the seasonal trend for most of the first half of this year, until June.  June this year has been unseasonably strong.

The All Odds has been up every year in the past five years in July:



The All Odds has been up every year in July over the past five years.

So the odds for July are looking good.

That should be used as background material only.

Anything can happen - watch the charts.

RB