Energy / Nat Gas Trades The closing prices on April 25th tell that it is time to get out of some more Energy / Nat-Gas seasonal trades that we put on in late January. Exit XES – S&P Oil & Gas Equipment & Services ETF – at or around April 25th close of 46.76 Exit PXJ – PowerShares Dynamic Oil & Gas Services ETF…
In 2012, Ben Jacobsen, Professor of Finance, Massey University of New Zealand and Cherry Yi Zhang, Professor at Nottingham University Business School, China, published a paper, Are Monthly Seasonals Reals?, analyzing 300 years of UK stock market data. Their conclusion was that a good case could be made for monthly seasonal anomalies in the stock market returns. The professors analyzed…