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Friday, June 29, 2018 4:18:39 PM
S&P 500 has advanced 85.7% of the time on July’s First Trading Day
By: Almanac Trader | June 29, 2018
July’s first trading day is the second best performing first trading day of all twelve months with DJIA gaining a cumulative 1139.97 points since 1998. Over the past 21 years, DJIA’s first trading day of July has produced gains 81.0% of the time with an average gain of 0.44%. S&P 500 has advanced 85.7% of the time (average gain 0.42%). NASDAQ has been slightly weaker at 71.4% (0.21% average gain). No other day of the year exhibits this amount of across-the-board strength which makes a solid case for declaring the first trading day of July the most bullish day of the year over the past 21 years.
http://jeffhirsch.tumblr.com/post/175372574786/sp-500-has-advanced-857-of-the-time-on-julys
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By: Almanac Trader | June 29, 2018
July’s first trading day is the second best performing first trading day of all twelve months with DJIA gaining a cumulative 1139.97 points since 1998. Over the past 21 years, DJIA’s first trading day of July has produced gains 81.0% of the time with an average gain of 0.44%. S&P 500 has advanced 85.7% of the time (average gain 0.42%). NASDAQ has been slightly weaker at 71.4% (0.21% average gain). No other day of the year exhibits this amount of across-the-board strength which makes a solid case for declaring the first trading day of July the most bullish day of the year over the past 21 years.
http://jeffhirsch.tumblr.com/post/175372574786/sp-500-has-advanced-857-of-the-time-on-julys
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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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