Stock Trader's Almanac 2016 (Almanac Investor Series) by Jeffrey A. Hirsch

Author:Jeffrey A. Hirsch [Hirsch, Jeffrey A.]
Language: eng
Format: epub
ISBN: 9781119189305
Publisher: Wiley
Published: 2015-09-21T21:00:00+00:00

DOW JONES INDUSTRIALS, S&P 500, AND NASDAQ AVERAGE MONTHLY % CHANGES BY QUARTER

JULY

2014 DAILY DOW POINT CHANGES (DOW JONES INDUSTRIAL AVERAGE)

JULY

DON'T SELL STOCKS ON MONDAY OR FRIDAY

Since 1989, Monday* and Tuesday 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 and Tuesdays gained 13088.44 Dow points, while Thursday and Friday combined for a total gain of 1779.25 points. Also broken out are the last 14 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 68, 80, and 141–144 for more.

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