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Thursday, November 08, 2018 7:58:22 AM
Typical November Trading: Strength Early & Late
By: Almanac Trader | November 8, 2018
As of the market’s close yesterday, DJIA was up 2.07% thus far in November. S&P 500 was higher by 1.61% and NASDAQ was higher by 0.96%. Small-caps, measured by the Russell 2000 were performing the best, up 2.96% over the first four trading days in November. Current gains are consistent with the historical trend of early November strength. However, historically early strength has faded after the fourth trading day. Election results coming in line with expectations has extended strength this year. Mid-month, from around the fifth trading day until the fourteenth trading day, has been choppy. From there until the penultimate trading day of November the market has historically booked solid gains. Recently the last trading day has been prone to more weakness than strength.
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• DiscoverGold
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By: Almanac Trader | November 8, 2018
As of the market’s close yesterday, DJIA was up 2.07% thus far in November. S&P 500 was higher by 1.61% and NASDAQ was higher by 0.96%. Small-caps, measured by the Russell 2000 were performing the best, up 2.96% over the first four trading days in November. Current gains are consistent with the historical trend of early November strength. However, historically early strength has faded after the fourth trading day. Election results coming in line with expectations has extended strength this year. Mid-month, from around the fifth trading day until the fourteenth trading day, has been choppy. From there until the penultimate trading day of November the market has historically booked solid gains. Recently the last trading day has been prone to more weakness than strength.
Read More »»»
• 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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