Market Set To Make A Reversal

Friday, November 16, 2012, saw major US indices make reversal days. Almost all – Dow Jones, S&P 500, NASDAQ and Russell 2000 – had outside reversal days. Dow and Russell 2000 also made bullish engulfing candles. In outside day pattern the high of the day is higher than the previous day’s high and the low is lower…

Octoberfest On Monday Before Expiration

The Stock Trader’s Almanac observes that seasonally for the last few decades, Dow has been up on the Monday before the expiration Friday in October. During the last 32 years, Dow Jones Industrial Average had been up 26 times for a success rate of 81.25%. Such a success rate augurs well for developing a trading strategy based upon…

Triple Witching In September

The Stock Trader’s Almanac notes that seasonally for the last few years, Dow has done well on the triple witching day in September. Dow Jones had been up 8 of the last 10 years on the third Friday of the last month of the third quarter. We can develop a trading strategy based upon this seasonal trend. This…