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Friday, September 30, 2016 3:36:25 PM
Almanac Trader: October’s First Trading Day a Mixed Bag
* September 30, 2016
Based upon data in the soon to be available 50th Anniversary Stock Trader’s Almanac for 2017 on page 86, the first trading day of October is the fourth weakest of all monthly first trading days since September 1997. Only September, August and June have been weaker. S&P 500 has been down 10 of the last 21 years on the first trading day of October. DJIA’s record is slightly weaker with 11 declines and NASDAQ has been the worst of the group, down 12 times with an average loss of 0.44%.
http://jeffhirsch.tumblr.com/post/151154591273/octobers-first-trading-day-a-mixed-bag
• DiscoverGold
* September 30, 2016
Based upon data in the soon to be available 50th Anniversary Stock Trader’s Almanac for 2017 on page 86, the first trading day of October is the fourth weakest of all monthly first trading days since September 1997. Only September, August and June have been weaker. S&P 500 has been down 10 of the last 21 years on the first trading day of October. DJIA’s record is slightly weaker with 11 declines and NASDAQ has been the worst of the group, down 12 times with an average loss of 0.44%.
http://jeffhirsch.tumblr.com/post/151154591273/octobers-first-trading-day-a-mixed-bag
• 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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