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. Regardless how it plays out today, I hope everyone has a great Labor Day weekend!
Friday, August 30, 2013
An Updated Look At The Friday Before Labor Day
The Friday before Labor Day has long been a strong seasonal day for the market. The study below is one I also showed last year. The 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. Regardless how it plays out today, I hope everyone has a great Labor Day weekend!
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. Regardless how it plays out today, I hope everyone has a great Labor Day weekend!
Thanks. Could it also be targeted to for the opposite instances, such as: if the Friday is not positive, what would be seen days later?
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