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Thursday, November 29, 2018 8:17:47 AM
First trading day of December Lacks Holiday Cheer
By: Almanac Trader | November 28, 2018
In the Stock Trader’s Almanac 2019, on page 86, it is shown that the first trading days of every month since September 1997 for DJIA have produced nearly the same amount of gains as all other days combined. Most consistent gains were produced by the first day of February, May and July. However December’s first trading day has not been as productive for DJIA or S&P 500. In the following table, the performance of the first trading day of December over the most recent 21 years is presented.
Aside from disastrous 2008, first trading day of December losses have been relatively mild. The second worst loss, slightly less than 1% was in 2001. Although the table is full of years with 1% or greater gains, consistency is lacking. Since 2006, December’s first trading day has been weaker, down seven of the last eleven for DJIA and NASDAQ and eight of eleven for S&P 500.
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By: Almanac Trader | November 28, 2018
In the Stock Trader’s Almanac 2019, on page 86, it is shown that the first trading days of every month since September 1997 for DJIA have produced nearly the same amount of gains as all other days combined. Most consistent gains were produced by the first day of February, May and July. However December’s first trading day has not been as productive for DJIA or S&P 500. In the following table, the performance of the first trading day of December over the most recent 21 years is presented.
Aside from disastrous 2008, first trading day of December losses have been relatively mild. The second worst loss, slightly less than 1% was in 2001. Although the table is full of years with 1% or greater gains, consistency is lacking. Since 2006, December’s first trading day has been weaker, down seven of the last eleven for DJIA and NASDAQ and eight of eleven for S&P 500.
Read More »»»
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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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