Good morning
Over the last 25 sessions, Tuesday has a 72% winning ratio, with a very strong positive bias over all 100 sessions. Simply stated, for right now, this is the best day of the week to make money.
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You may recall last week I talked about the Negative Friday & Monday Indicator being triggered. True to the law of averages, it played out and lower closes were had later in the week.
Now, the Positive Friday & Monday Indicator has been triggered. Over the last 50 events, when prices closed positive on Friday and Monday, a higher close was found later in the week the majority of the time. Sometimes this occurs on a Friday & Tuesday, but for the purposes of this exercise I’ll refer to it as Friday & Monday regardless of which day followed Friday.
Be cautioned, if this Tuesday is a big down day, then it becomes highly probable higher prices won’t be had this week.
Following this event, the 3-day price performance (ex: Fri+Mon+Tue) closes positive 76% of the time, the 4-day 72% and (red flag for this Thursday) the 5-day is 26%
The average returns for the 3-day is 54%, 4-day 92% & 5-Day (this Thursday) -86%
The daily average returns for Day 1, 2, & 3 (this Tue, Wed, Thur) are charted below.
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Take care...Jason
---------------------DISCLAIMER--------------------
The majority of this data is based off the S&P 500's past prices, typically over the last 20 years. If this data does not come from the S&P 500, then I will state what index it is derived from, otherwise assume it is of the same source. While most of the data is computer generated, much of it is still done by hand and is therefore subject to the occasional human error. Past data does not guarantee future results! We are all grownups here so we should already know we are each individually responsible for our own accounts, so if it doesn't work out, it's your own fault. Occasional I get PMs from newer members, asking me what to do with their accounts, so here's my answer. Find out what DCA is then do it for a long time. In the meantime read, read, read, then practice what you read, then figure out where you screwed up, then start the process all over again.
The majority of this data is based off the S&P 500's past prices, typically over the last 20 years. If this data does not come from the S&P 500, then I will state what index it is derived from, otherwise assume it is of the same source. While most of the data is computer generated, much of it is still done by hand and is therefore subject to the occasional human error. Past data does not guarantee future results! We are all grownups here so we should already know we are each individually responsible for our own accounts, so if it doesn't work out, it's your own fault. Occasional I get PMs from newer members, asking me what to do with their accounts, so here's my answer. Find out what DCA is then do it for a long time. In the meantime read, read, read, then practice what you read, then figure out where you screwed up, then start the process all over again.
