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Thursday, February 16, 2017 10:02:51 AM
• • • Presidents’ Day: Historically Bearish Day Before & After
By Almanac Trader
* February 16, 2017
Page 88 of the Stock Trader’s Almanac 2017, points out Presidents’ Day as the poorest performing holiday of the eight holidays that are tracked. Unlike the others, the trading day before and the trading day after this three-day holiday weekend are both down on average over the past 34 years.
Depending on how February lays out in a monthly calendar, the Tuesday after Presidents’ Day is either the first trading day of option expiration week or the week after options expiration week. In the tables below, the years when Presidents’ Day occurs in the week after option expiration are highlighted. This year, Presidents’ Day falls in the week after options expiration.
Since 2011, the market’s performance around before and after the long holiday weekend has improved, most notably during the last three years. Some of this recent improvement could have been the result of sizable losses in January and the ensuing rebound rally. January was positive this year and the market has been storming higher into record territory, a long holiday weekend could be just the excuse traders need to trim long positions and book some profits.
http://jeffhirsch.tumblr.com/post/157288410388/presidents-day-historically-bearish-day-before
• DiscoverGold
Click on "In reply to", for Authors past commentaries
By Almanac Trader
* February 16, 2017
Page 88 of the Stock Trader’s Almanac 2017, points out Presidents’ Day as the poorest performing holiday of the eight holidays that are tracked. Unlike the others, the trading day before and the trading day after this three-day holiday weekend are both down on average over the past 34 years.
Depending on how February lays out in a monthly calendar, the Tuesday after Presidents’ Day is either the first trading day of option expiration week or the week after options expiration week. In the tables below, the years when Presidents’ Day occurs in the week after option expiration are highlighted. This year, Presidents’ Day falls in the week after options expiration.
Since 2011, the market’s performance around before and after the long holiday weekend has improved, most notably during the last three years. Some of this recent improvement could have been the result of sizable losses in January and the ensuing rebound rally. January was positive this year and the market has been storming higher into record territory, a long holiday weekend could be just the excuse traders need to trim long positions and book some profits.
http://jeffhirsch.tumblr.com/post/157288410388/presidents-day-historically-bearish-day-before
• 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!
• DiscoverGold
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