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Thursday, September 29, 2016 7:51:14 AM
Almanac Trader: September Last Trading Day Historically Bearish–S&P 500 Down 15 of Last 21
* September 29, 2016
September’s last trading day is also the last trading day of Q3 making it prone to last-minute portfolio restructuring that has frequently resulted in broad market declines. Over the last 21 years (1995-2015), S&P 500 has advanced just 28.6% of the time on the last trading day of Q3. Solid advances in 1999, 2001, 2008 and 2015 help lift the day’s average performance to a mild 0.1% loss. Excluding those years, the average loss in 0.75% for S&P 500. NASDAQ’s record is the same while DJIA has managed to eke out one additional gain.
http://jeffhirsch.tumblr.com/post/151069131828/september-last-trading-day-historically
• DiscoverGold
* September 29, 2016
September’s last trading day is also the last trading day of Q3 making it prone to last-minute portfolio restructuring that has frequently resulted in broad market declines. Over the last 21 years (1995-2015), S&P 500 has advanced just 28.6% of the time on the last trading day of Q3. Solid advances in 1999, 2001, 2008 and 2015 help lift the day’s average performance to a mild 0.1% loss. Excluding those years, the average loss in 0.75% for S&P 500. NASDAQ’s record is the same while DJIA has managed to eke out one additional gain.
http://jeffhirsch.tumblr.com/post/151069131828/september-last-trading-day-historically
• DiscoverGold
Information posted to this board is not meant to suggest any specific action, but to point out the technical signs that can help our readers make their own specific decisions. Your Due Dilegence is a must!
• DiscoverGold
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