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Monday, June 26, 2017 8:54:42 PM
Tech and Small Caps Lead as Q2 Ends
By Almanac Trader | June 26, 2017
Over the past 21 years the last three trading days of the second quarter have been bullish. This three-consecutive-day period has accumulated average gains ranging from 0.4% for DJIA to 1.4% by Russell 2000. The most consistent source of gains has come from NASDAQ and Russell 2000, both advancing 81% of the time during the period. S&P 500 is a close second with gains 71.4% of the time while DJIA has advanced just 52.4% of the time. Dependable gains by tech and small-caps are likely the result of traders and investors bidding up shares in anticipation of solid Q2 earnings. The 3-day span is also the start of NASDAQ’s Mid-Year Rally.
http://jeffhirsch.tumblr.com/post/162290800588/tech-and-small-caps-lead-as-q2-ends
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By Almanac Trader | June 26, 2017
Over the past 21 years the last three trading days of the second quarter have been bullish. This three-consecutive-day period has accumulated average gains ranging from 0.4% for DJIA to 1.4% by Russell 2000. The most consistent source of gains has come from NASDAQ and Russell 2000, both advancing 81% of the time during the period. S&P 500 is a close second with gains 71.4% of the time while DJIA has advanced just 52.4% of the time. Dependable gains by tech and small-caps are likely the result of traders and investors bidding up shares in anticipation of solid Q2 earnings. The 3-day span is also the start of NASDAQ’s Mid-Year Rally.
http://jeffhirsch.tumblr.com/post/162290800588/tech-and-small-caps-lead-as-q2-ends
• DiscoverGold
Click on "In reply to", for Authors past commentaries
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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