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…
Seasonally, Dow has had good Monday during the expiration week in October. The blog of Stock Trader’s Almanac, also noted that Dow’s advance on the Monday before expiration – October 15th – was second consecutive Monday gain after a string or losses – 16 of previous 17 Mondays. However, the Monday after the expiration week…
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…
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…
Two thirds of August trading days are behind us but the month is not playing up to its reputation so far. Bucking the History: Stock Trader’s Almanac notes that over the past 61 years, August has been 10th best month for Dow Jones Industrial Average and NASDAQ or in other words, third worst. August is 9th best for…
Yesterday’s Action – Dojis, Bearish Engulfing and Dark Clouds Tuesday had started on a positive note. In the early session, the US futures continued their uptrend that they had acquired in the middle of Monday’s trading. However, the upward momentum could not continue for too long and just like they did on Monday, major indices…
Weekly Pivots: Dow S&P500 NASDAQ DJTRA R2K FTSE DAX Previous 13,096 1,391 2,968 5,086 788 5,787 6,866 Open 13,100 1,391 2,978 5,087 789 5,787 6,846 High 13,216 1,407 3,029 5,125 806 5,860 6,989 Low 13,095 1,391 2,974 5,017 789 5,767 6,846 Close 13,208 1,406 3,021 5,064 802 5,847 6,945 Change % 0.9% 1.1% 1.8%…
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