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Friday, April 28, 2017 4:57:02 PM
==> May’s First Trading Day Historically Bullish
By Almanac Trader | April 28, 2017
Next Monday, the first trading day of May has a bullish history over the past 22-years and could provide a catalyst for the market to rebound to new all-time highs again. DJIA, S&P 500 and NASDAQ have all averaged 0.5% or better on the day up twice as often as down (or better). Russell 2000 is slightly weaker with an average gain of 0.41% with five of its seven declines occurring in the last eight years. In addition, for the last three weeks, Friday (or the last trading day of the week) has been an opportunity for new long positions as the last three Mondays have been positive, the last two, decisively so.
http://jeffhirsch.tumblr.com/post/160090818933/mays-first-trading-day-historically-bullish
• DiscoverGold
By Almanac Trader | April 28, 2017
Next Monday, the first trading day of May has a bullish history over the past 22-years and could provide a catalyst for the market to rebound to new all-time highs again. DJIA, S&P 500 and NASDAQ have all averaged 0.5% or better on the day up twice as often as down (or better). Russell 2000 is slightly weaker with an average gain of 0.41% with five of its seven declines occurring in the last eight years. In addition, for the last three weeks, Friday (or the last trading day of the week) has been an opportunity for new long positions as the last three Mondays have been positive, the last two, decisively so.
http://jeffhirsch.tumblr.com/post/160090818933/mays-first-trading-day-historically-bullish
• 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!
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