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Thursday, March 29, 2018 8:03:14 AM
First Trading Day of Q2 DJIA and S&P 500 Advance 75.0% of the Time
By: Almanac Trader | March 28, 2018
According to the Stock Trader’s Almanac 2018, the first trading day of April is DJIA’s second best first trading day of months based upon total points gained. Only May’s first trading day is stronger. Looking back at the last 24 years, in the tables below, we can see DJIA and S&P 500 have both advanced 75.0% of the time (up 18 of last 24) with average gains right around 0.5%. NASDAQ and Russell 2000 have slightly weaker track records and smaller average gains, but are both still up more frequently then down with modest average gains.
http://jeffhirsch.tumblr.com/post/172349636308/first-trading-day-of-q2-djia-and-sp-500-advance
• DiscoverGold
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By: Almanac Trader | March 28, 2018
According to the Stock Trader’s Almanac 2018, the first trading day of April is DJIA’s second best first trading day of months based upon total points gained. Only May’s first trading day is stronger. Looking back at the last 24 years, in the tables below, we can see DJIA and S&P 500 have both advanced 75.0% of the time (up 18 of last 24) with average gains right around 0.5%. NASDAQ and Russell 2000 have slightly weaker track records and smaller average gains, but are both still up more frequently then down with modest average gains.
http://jeffhirsch.tumblr.com/post/172349636308/first-trading-day-of-q2-djia-and-sp-500-advance
• 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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