In a recent post we looked at the improving trend of market performance
ahead of Presidents’ Day weekend. However, the two days after still display
a fair amount of red. Since 1990, Tuesday after Presidents’ Day has been
strongest for the S&P 500 with 18 gains and 13 losses for median gain of
0.12% but with an average loss of –0.23%. DJIA also has more gains than losses
on the Tuesday after, but NASDAQ is a net loser down 18 of 31 years with and
average loss of –0.49% and a median loss of –0.11%. 

Wednesday is all red for all three major averages.
NASDAQ and S&P 500 have more losses, but DJIA has a larger average loss. On
the Wednesday after the Presidents’ Day holiday DJIA is down 16 of 31 with an
average loss of –0.07% and a median decline of –0.10%. S&P 500 is down 18
of 31, average –0.02%, median –0.10% and NASDAQ is down 17 of 31, average –0.01%,
median –0.09%.