| Followers | 679 |
| Posts | 140989 |
| Boards Moderated | 36 |
| Alias Born | 03/10/2004 |
Friday, August 11, 2017 4:22:43 PM
August Option Expiration, DJIA & S&P 500 Down 6 of Last 7
By Almanac Trader | August 11, 2017
Next week is options expiration week and mid-August is often better performing than the beginning and the end of the month. This strength is punctuated with a three-day string of bullish days running from Tuesday, August 15 until Thursday, August 17. A bullish day is defined as a trading day in which the S&P 500 has risen greater than or equal to 60% of the time over the past 21 years. Unfortunately, this bullish cluster has not always resulted in full-week gains during option expiration. Both DJIA and S&P 500 have suffered a weekly loss in five of the last seven August expiration weeks.
http://jeffhirsch.tumblr.com/post/164068867983/august-option-expiration-djia-sp-500-down-6-of
• DiscoverGold
Click on "In reply to", for Authors past commentaries
By Almanac Trader | August 11, 2017
Next week is options expiration week and mid-August is often better performing than the beginning and the end of the month. This strength is punctuated with a three-day string of bullish days running from Tuesday, August 15 until Thursday, August 17. A bullish day is defined as a trading day in which the S&P 500 has risen greater than or equal to 60% of the time over the past 21 years. Unfortunately, this bullish cluster has not always resulted in full-week gains during option expiration. Both DJIA and S&P 500 have suffered a weekly loss in five of the last seven August expiration weeks.
http://jeffhirsch.tumblr.com/post/164068867983/august-option-expiration-djia-sp-500-down-6-of
• 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
Join the InvestorsHub Community
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
