| Followers | 679 |
| Posts | 140829 |
| Boards Moderated | 36 |
| Alias Born | 03/10/2004 |
Friday, May 26, 2023 12:46:30 PM
Market Weaker After Memorial Day Recent Years
By: Almanac Trader | May 26, 2023
The week after Memorial Day performed quite well 1971-95. DJIA & S&P up 68% of the time, averaging 0.8% – DJIA up 12 in a row 1984-95. NAS was up 72% of the time, average 0.6%, up 10 straight 1986-95. Since 1979 R2K was up 88.2% of the time, average 0.9%, up 13 straight 1983-95.
Starting in 1996 the week after Memorial Day performance diminished. DJIA was up only 40.7% of times, average loss 0.02%, down 9 of last 13. S&P, NAS & R2K all gained ground less than 56% of the time, down 7 of last 13. Huge gains during the week in 2000 do skew the averages.
2023 Stock Trader’s Almanac page 100 tracks behavior before & after holidays since 1980. Days after Memorial Day show positivity. But weakness has increased the last 22-years the 3 days after Memorial Day. Day after Memorial Day DJIA & NAS down 6 of last 8, S&P down 7 of last 8.
Read Full Story »»»
DiscoverGold
By: Almanac Trader | May 26, 2023
The week after Memorial Day performed quite well 1971-95. DJIA & S&P up 68% of the time, averaging 0.8% – DJIA up 12 in a row 1984-95. NAS was up 72% of the time, average 0.6%, up 10 straight 1986-95. Since 1979 R2K was up 88.2% of the time, average 0.9%, up 13 straight 1983-95.
Starting in 1996 the week after Memorial Day performance diminished. DJIA was up only 40.7% of times, average loss 0.02%, down 9 of last 13. S&P, NAS & R2K all gained ground less than 56% of the time, down 7 of last 13. Huge gains during the week in 2000 do skew the averages.
2023 Stock Trader’s Almanac page 100 tracks behavior before & after holidays since 1980. Days after Memorial Day show positivity. But weakness has increased the last 22-years the 3 days after Memorial Day. Day after Memorial Day DJIA & NAS down 6 of last 8, S&P down 7 of last 8.
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!
• DiscoverGold
Join the InvestorsHub Community
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
