Monday and Tuesday before Thanksgiving don’t seem to carry a sizable edge. Monday’s total return was actually negative until 2008 when it posted a gain of over 6%. Wednesday and Friday surrounding Thanksgiving have shown strong upside tendencies and the Monday after has shown a sizable downside tendency.
Monday, November 22, 2010
Thanksgiving Week Tendencies Revisited
Historically Thanksgiving week has shown some very strong tendencies. Last year in the 11/23/09 blog I broke down the returns by day of the week. I have updated that table below.
Monday and Tuesday before Thanksgiving don’t seem to carry a sizable edge. Monday’s total return was actually negative until 2008 when it posted a gain of over 6%. Wednesday and Friday surrounding Thanksgiving have shown strong upside tendencies and the Monday after has shown a sizable downside tendency.
Monday and Tuesday before Thanksgiving don’t seem to carry a sizable edge. Monday’s total return was actually negative until 2008 when it posted a gain of over 6%. Wednesday and Friday surrounding Thanksgiving have shown strong upside tendencies and the Monday after has shown a sizable downside tendency.
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1 comment:
Knew this week held strong tendencies, always interesting to see it quantified - thanks!
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