Wednesday, November 23, 2011

The Wednesday Before Thanksgiving

Thanksgiving has typically shown some pretty consistent seasonality.  Both the Wednesday before and the Friday after have exhibited bullish tendencies while the Monday after has been slightly bearish.  Last year I showed a table breaking it all down by day.  Today I decided to show a profit curve that represents simply owning the SPX from Tuesday's close through Wednesday's close.

Futures are down quite a bit this morning, so it may be difficult to keep this curve moving higher today, but over the years the next couple of days has been a pretty good bullish bet.  And when seasonality is this consistent it is often worth keeping in mind.

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