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Wednesday, May 22, 2024 8:56:48 AM
Thursday Historically Most Bullish Day Before Memorial Day
By: Almanac Trader | May 21, 2024
Friday before Memorial Day has become getaway day on The Street and trading can be lackluster with light volume. Dow has been up 12 times in the last 21 years with an average gain of 0.08%. S&P has a modestly better record, with one additional advance and an average gain of 0.16%. NASDAQ has the best record on Friday, up 15 of 21 and averages a respectable 0.38% gain. Russell 2000 has the fewest advances on Friday, but a still solid 0.30% gain.
Based upon average performance Thursday has been the best day before Memorial Day with gains ranging from 0.24% from DJIA to a solid 0.46% by Russell 2000. Frequency of gains is also best on Thursdays, except for NASDAQ. Wednesday has been the softest of the three days with DJIA’s performance turning negative.
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DiscoverGold
By: Almanac Trader | May 21, 2024
Friday before Memorial Day has become getaway day on The Street and trading can be lackluster with light volume. Dow has been up 12 times in the last 21 years with an average gain of 0.08%. S&P has a modestly better record, with one additional advance and an average gain of 0.16%. NASDAQ has the best record on Friday, up 15 of 21 and averages a respectable 0.38% gain. Russell 2000 has the fewest advances on Friday, but a still solid 0.30% gain.
Based upon average performance Thursday has been the best day before Memorial Day with gains ranging from 0.24% from DJIA to a solid 0.46% by Russell 2000. Frequency of gains is also best on Thursdays, except for NASDAQ. Wednesday has been the softest of the three days with DJIA’s performance turning negative.
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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