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Thursday, May 19, 2022 7:52:10 AM
May OpEx Week Weakness DJIA Down 11 of Last 13
By: Almanac Trader | May 18, 2022
Today’s selloff has put the major averages in the red for the week in addition to recharging the bears. If history is any guide more weakness and volatility is in store for the remainder of the week.
May’s monthly option expiration is mixed over the longer-term since 1990. DJIA has been down fifteen of the last thirty-two May monthly expiration days with an average loss of 0.07%. OpEx week has a slight bearish bias with DJIA and S&P 500 down 17 and up 15.
More recently, DJIA has suffered declines in 11 of the last 13, monthly expiration weeks. S&P 500 has one additional weekly gain since 2009, down 10 of the last 13. NASDAQ has declined in 8 of the last 13. The week after has been best for S&P 500 and NASDAQ.
Next week after options expiration is more bullish with S&P and NASDAQ up 10 of 13. Next week is also the week before Memorial Day which also leans bullish with S&P up 13 of 18.
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DiscoverGold
By: Almanac Trader | May 18, 2022
Today’s selloff has put the major averages in the red for the week in addition to recharging the bears. If history is any guide more weakness and volatility is in store for the remainder of the week.
May’s monthly option expiration is mixed over the longer-term since 1990. DJIA has been down fifteen of the last thirty-two May monthly expiration days with an average loss of 0.07%. OpEx week has a slight bearish bias with DJIA and S&P 500 down 17 and up 15.
More recently, DJIA has suffered declines in 11 of the last 13, monthly expiration weeks. S&P 500 has one additional weekly gain since 2009, down 10 of the last 13. NASDAQ has declined in 8 of the last 13. The week after has been best for S&P 500 and NASDAQ.
Next week after options expiration is more bullish with S&P and NASDAQ up 10 of 13. Next week is also the week before Memorial Day which also leans bullish with S&P up 13 of 18.
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. Caveat emptor!
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