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Wednesday, July 04, 2018 10:22:31 AM
Typical July Trading: Strong First Half, Tepid Second Half
By: Almanac Trader | July 4, 2018
July has gotten off to a rather typical start. After struggling much of yesterday’s trading session, the market did rally to finish the day positive, extending the first trading day of July’s bullish track record another year. Historically after the first trading day the market tends to take a bit of a breather with choppy, sideways trading from the second trading day through the seventh. This period surrounds the Fourth of July holiday where shortened trading days, road trips, BBQ’s and fireworks pull attention away from markets. Afterwards, usually around the eighth trading day of the month, markets begin to rally again. NASDAQ generally leads, contributing to its mid-year rally while Russell 2000 generally lags. From the fourteenth trading day until the end of the month the trend is lower to sideways.
http://jeffhirsch.tumblr.com/post/175510380743/typical-july-trading-strong-first-half-tepid
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By: Almanac Trader | July 4, 2018
July has gotten off to a rather typical start. After struggling much of yesterday’s trading session, the market did rally to finish the day positive, extending the first trading day of July’s bullish track record another year. Historically after the first trading day the market tends to take a bit of a breather with choppy, sideways trading from the second trading day through the seventh. This period surrounds the Fourth of July holiday where shortened trading days, road trips, BBQ’s and fireworks pull attention away from markets. Afterwards, usually around the eighth trading day of the month, markets begin to rally again. NASDAQ generally leads, contributing to its mid-year rally while Russell 2000 generally lags. From the fourteenth trading day until the end of the month the trend is lower to sideways.
http://jeffhirsch.tumblr.com/post/175510380743/typical-july-trading-strong-first-half-tepid
• DiscoverGold
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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