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Friday, February 16, 2024 8:28:22 AM
DJIA Up 11 of Last 13 Days Before Presidents’ Day Weekend
By: Almanac Trader | February 16, 2024
Trading before Presidents’ Day Weekend used to be miserable. However, there has been an improvement over the last 13 years. The longer-term track record of the market’s performance ahead of Presidents’ Day weekend from 1990 through 2010, shows DJIA, S&P 500 and NASDAQ suffered numerous and sizable declines especially on Friday. However, more recently, since 2011, the Friday before Presidents’ Day has been improving (shaded in light grey in table below). DJIA on Friday has the best record over the last 13 years, up eleven times with an average gain of 0.43%. S&P 500 has been nearly as strong, up ten times, but with a slightly softer average gain of 0.32%. NASDAQ trails both in average performance and frequency of gains with eight advances in the last thirteen years.
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DiscoverGold
By: Almanac Trader | February 16, 2024
Trading before Presidents’ Day Weekend used to be miserable. However, there has been an improvement over the last 13 years. The longer-term track record of the market’s performance ahead of Presidents’ Day weekend from 1990 through 2010, shows DJIA, S&P 500 and NASDAQ suffered numerous and sizable declines especially on Friday. However, more recently, since 2011, the Friday before Presidents’ Day has been improving (shaded in light grey in table below). DJIA on Friday has the best record over the last 13 years, up eleven times with an average gain of 0.43%. S&P 500 has been nearly as strong, up ten times, but with a slightly softer average gain of 0.32%. NASDAQ trails both in average performance and frequency of gains with eight advances in the last thirteen years.
Read Full Story »»»
DiscoverGold
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