DJIA has a solid track record over the last 27 years, rising 19 times the week before Thanksgiving with a median gain of 0.46%. But the other major U.S. stock market benchmarks are not as strong and there has been more weakness across the board recently. Since 2003 DJIA is up only 9 out of the last 17 years with a median gain of 0.10%.

S&P is up 16 of the last 27 years with a median gain of 0.35% and down 9 of the last 17, –0.13% median loss. NASDAQ is up 15 of the last 27 years with a median gain of 0.33% and down 9 of the last 17, –0.004% median loss. Russell 200 is up 14 of the last 27 years with a median gain of 0.36% and down 10 of the last 17, –0.27% median loss.

This sets up well for the Thanksgiving trade of buying into weakness the week before Thanksgiving and selling into strength around the holiday and typical November end-of-month strength.