Stock Trader's Almanac 2014 by Hirsch & Yale Hirsch

Author:Hirsch & Yale Hirsch
Language: eng
Format: epub
ISBN: 9781118805022
Publisher: Wiley
Published: 2013-07-31T16:00:00+00:00

JUNE/JULY

2012 DAILY DOW POINT CHANGES (DOW JONES INDUSTRIAL AVERAGE)

JULY

DON'T SELL STOCKS ON MONDAY OR FRIDAY

Since 1989, Monday*, Tuesday, and Wednesday have been the most consistently bullish days of the week for the Dow; Thursday and Friday* the most bearish, as traders have become reluctant to stay long going into the weekend. Since 1989, Mondays, Tuesdays, and Wednesdays gained 13,221.84 Dow points, while Thursday and Friday combined for a total loss of 847.55 points. Also broken out are the last twelve and a third years to illustrate Monday's and Friday's poor performance in bear market years 2001–2002 and 2008–2009. During uncertain market times, traders often sell before the weekend and are reluctant to jump in on Monday. See pages 66, 78, and 141–144 for more.

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