If History Repeats Itself, February Will See A Market Decline

For the most part, Americans are glad to see January come to an end, as it means the summer months are a bit closer. But promises of warmer weather and green shoots shouldn't distract investors, as February is historically a difficult month.

According to MKM Partners chief market technician Jonathan Krinsky, February is historically the weakest month dating back four decades — stocks have risen just 0.06 percent. However, in years following a presidential election, the S&P index has fallen on average 1.85 percent dating back to 1977.

Krinsky broke down the stats in a CNBC "Trading Nation" segment.

But What About This Year?

According to Krinsky, the fact that the market's streak of not seeing a decline of 1 percent or more over the past 75 days, coupled with February's historically poor performance, implies investors should brace themselves for a decline in the market.

Krinsky even suggested that the S&P index could decline at least 3 percent and as much as 6 percent in the coming weeks. While this selloff "stinks," investors shouldn't panic and should instead welcome the selloff.

"We don't think it's anything serious and we would actually view it as a welcoming buy opportunity," he said.

Nevertheless, the market pro cautioned that the risk in the short term is to the downside.