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Friday, February 10, 2017 4:06:03 PM
February Expiration Week: S&P 500 Up 9 of Last 11
By Almanac Trader
* February 10, 2017
The first day of S&P 500 February expiration week has been up in six of the last seven years. This is a respectable streak, but still short of the 12-year winning streak that lasted from 1994 to 2005. Nonetheless, the first trading day of option expiration week is clearly bullish with S&P 500 up 19 of the last 22 years. Absent the frequently bearish day after Presidents’ Day influence, this has a fair chance of continuing.
Expiration day has been down more often than not over the past 23 years with an average loss of 0.28% for S&P 500. Despite a bumpy finish, expiration week as a whole has fared better, but nets an average gain of a paltry 0.17% on the S&P 500 since 1994 with 14 of 23 winning weeks. The week after, has been down 13 of the last 23 years. DJIA and NASDAQ have similar patterns over the same timeframe.
http://jeffhirsch.tumblr.com/post/157063571853/february-expiration-week-sp-500-up-9-of-last-11
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By Almanac Trader
* February 10, 2017
The first day of S&P 500 February expiration week has been up in six of the last seven years. This is a respectable streak, but still short of the 12-year winning streak that lasted from 1994 to 2005. Nonetheless, the first trading day of option expiration week is clearly bullish with S&P 500 up 19 of the last 22 years. Absent the frequently bearish day after Presidents’ Day influence, this has a fair chance of continuing.
Expiration day has been down more often than not over the past 23 years with an average loss of 0.28% for S&P 500. Despite a bumpy finish, expiration week as a whole has fared better, but nets an average gain of a paltry 0.17% on the S&P 500 since 1994 with 14 of 23 winning weeks. The week after, has been down 13 of the last 23 years. DJIA and NASDAQ have similar patterns over the same timeframe.
http://jeffhirsch.tumblr.com/post/157063571853/february-expiration-week-sp-500-up-9-of-last-11
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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!
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