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Wednesday, June 29, 2022 12:02:42 AM
Bullish Pre-Holiday Trade Three Days Before July 4th
By: Almanac Trader | June 28, 2022
Trading the three days ahead of the July 4th Independence Day holiday have historically been stronger than the days after the holiday. This has become more pronounced the last eleven years.
Since 2001 DJIA and S&P 500 have advanced 66.7% of the time with average gains of 0.10% the day before. NASDAQ and Russell 2000 are softer on the day before, but still lean bullish though Russell 2000 has an average net loss of -0.05%.
On the trading day after Independence Day DJIA, S&P 500 and Russell 2000 have declined more frequently than advanced. DJIA has recorded the fewest number of advances while Russell 2000 has the worst average performance with an 0.11% loss.
Over the past eleven years since 2011, trading on the three days before Independence Day has improved dramatically with DJIA and S&P leading the way and posting sporadic losses.
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DiscoverGold
By: Almanac Trader | June 28, 2022
Trading the three days ahead of the July 4th Independence Day holiday have historically been stronger than the days after the holiday. This has become more pronounced the last eleven years.
Since 2001 DJIA and S&P 500 have advanced 66.7% of the time with average gains of 0.10% the day before. NASDAQ and Russell 2000 are softer on the day before, but still lean bullish though Russell 2000 has an average net loss of -0.05%.
On the trading day after Independence Day DJIA, S&P 500 and Russell 2000 have declined more frequently than advanced. DJIA has recorded the fewest number of advances while Russell 2000 has the worst average performance with an 0.11% loss.
Over the past eleven years since 2011, trading on the three days before Independence Day has improved dramatically with DJIA and S&P leading the way and posting sporadic losses.
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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