Replies to post #25932 on Market Direction and Stock Trends

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October’s First Trading Day Not So Great over Last 21 years
By: Almanac Trader | September 28, 2018

Based upon data in the soon to be available Stock Trader’s Almanac for 2018 on page 86, the first trading day of October is DJIA’s fourth weakest of all monthly first trading days since September 1997. August, September and December have been weaker. S&P 500 has been down 11 of the last 21 years on the first trading day of October. DJIA’s record is slightly better with 10 declines and NASDAQ’s performance has been the worst of the group, down 11 times with an average loss of 0.35%. DJIA’s current four week streak of declines on Monday (or the first trading day of the week) could easily become five.



http://jeffhirsch.tumblr.com/post/178546296838/octobers-first-trading-day-not-so-great-over-last

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