Tuesday, February 1, 2011

Recent 1st Day of Month has been Especially Strong

I've discussed the tendency for the market to rise on the 1st day of the month before.  In July of 2009 I broke out the performance by month.

Recently I've noticed this edge has shown even stronger tendencies - most notably the last 15 months.  Below is a performance report showing the 1st day of the month from October 2009 through January 2011.

Extremely lopsided stats.  An average gain of nearly 1% is quite impressive.  Below is a listing of all the instances.


eminiglobex said...

doing the job so far :)

Denali92 said...

The stock market is definitely not a RANDOM walk!

The consistent of the beginning of the month is extraordinary!



Michele said...

Check out The Stock Traders Almanac for more interesting historical correlations. Apparently, pre-presidential election years tend to outperform, as do years that end in "1". Add to that our successful January, both the whole month and its first five days, and 2011 is looking promising.