Friday, November 16, 2012, saw major US indices make reversal days. Almost all – Dow Jones, S&P 500, NASDAQ and Russell 2000 – had outside reversal days. Dow and Russell 2000 also made bullish engulfing candles. In outside day pattern the high of the day is higher than the previous day’s high and the low is lower…
The Stock Trader’s Almanac observes that seasonally for the last few decades, Dow has been up on the Monday before the expiration Friday in October. During the last 32 years, Dow Jones Industrial Average had been up 26 times for a success rate of 81.25%. Such a success rate augurs well for developing a trading strategy based upon…
The Stock Trader’s Almanac notes that seasonally for the last few years, Dow has done well on the triple witching day in September. Dow Jones had been up 8 of the last 10 years on the third Friday of the last month of the third quarter. We can develop a trading strategy based upon this seasonal trend. This…
September is a month that traditionally has been very bad for the stock market. Accoridnig to Stock Trader’s Almanac, based upon last 61 years performance, September has been last in terms of monthly performance. The Almanac also notes that the beginning of the monthe is better than the end of the month. Also, three sectors –…
Two thirds of August trading days are behind us but the month is not playing up to its reputation so far. Bucking the History: Stock Trader’s Almanac notes that over the past 61 years, August has been 10th best month for Dow Jones Industrial Average and NASDAQ or in other words, third worst. August is 9th best for…
Yesterday’s Actions: Indecision – A Pause or a Turning Point? Monday morning saw S&P futures under pressure since the start of European session. After closing at a four month high, the futures generally drifted upwards overnight and reached a high at around 5:00 AM EDT (9:00 AM GMT) in the early European sessions. The news…
Weekly Pivots: Dow S&P500 NASDAQ DJTRA R2K FTSE DAX Previous 13,208 1,406 3,021 5,064 802 5,847 6,945 Open 13,205 1,406 3,018 5,062 801 5,847 6,936 High 13,281 1,419 3,077 5,195 820 5,876 7,041 Low 13,113 1,397 2,999 5,025 792 5,811 6,882 Close 13,275 1,418 3,077 5,194 820 5,852 7,041 Change % 0.5% 0.9% 1.8%…
This is a seasonal trading strategy based upon an idea from the Stock Trader’s Almanac. It is based upon the stock market’s tendency to retreat after the New Year – especially if there has been a strong fourth quarter. Almanac attributes this trend to profit taking. This also follows another seasonal idea – bullish Santa Claus Rally – at the…
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