The Friday before Labor Day has long been a strong seasonal day for the market. Below is a stats table based on buying the Thursday before Labor Day and selling the close on Friday.
With 71% of the days finishing higher, a profit factor of over 2.5, and an average trade of 0.3% the stats are quite compelling. Futures are up pretty strong right now, so this one has a head start. But gold subscribers were alerted to this in yesterday afternoon's Quantifinder, and Overnight Traders were also made aware of the strong seasonality yesterday afternoon.
it is the Fed day today.
ReplyDeleteYour statistics doesn't make sense to me.