Replies to post #39901 on Abet Chichi2 (Chichi2)

[anon.10]

August Almanac

Though the last three years have been superb for August, it continues to rank among the worst months of the year. It also has been especially weak in post-election years. The first nine days of the month are notoriously weak with the first Dow down 9 of the last 12 first days and two nasty bearish days on the 11th and 13th.

Then things often pick up mid-month with bullish days on the 14th, 17th and 18th and a strong expiration day the last six years. The week after expiration has also been strong in recent years and the last three days have turned around the last six years as trader’s get in ahead of early September and pre-Labor Day strength. However, the S&P 500 has only been up twice on the second to last trading day in the last 13 years.