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Friday, December 27, 2019 4:50:00 PM
Last Trading Day of the Year: NASDAQ Down 15 of Last 19
By: Almanac Trader | December 27, 2019
Last-minute tax-loss sales, old sayings such as “year ends make great exits,” a desire to start with a clean slate; who knows exactly the answer, but the last trading day of the year has turned bearish over the last nineteen years. Since 2000, NASDAQ has the worst record, down 15 of 19 after advancing every last trading day of the year from 1971 to 1999. Russell 2000 has one additional gain for a record of 14 losses in 19 years. S&P 500 and DJIA are only slightly better. Average declines on the day range from 0.43% to 0.19%
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DiscoverGold
By: Almanac Trader | December 27, 2019
Last-minute tax-loss sales, old sayings such as “year ends make great exits,” a desire to start with a clean slate; who knows exactly the answer, but the last trading day of the year has turned bearish over the last nineteen years. Since 2000, NASDAQ has the worst record, down 15 of 19 after advancing every last trading day of the year from 1971 to 1999. Russell 2000 has one additional gain for a record of 14 losses in 19 years. S&P 500 and DJIA are only slightly better. Average declines on the day range from 0.43% to 0.19%
Read Full Story »»»
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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