Friday Best Day of Week in 2019

Charts, Commentary, News, Stocks

Up until the end of April, S&P 500 was enjoying one of its best starts to a year since 1987. Daily gains were commonplace and spread throughout the trading week. However, Friday (or the last trading day of the week when Friday is a holiday) has enjoyed the greatest and most consistent gains so far this year (as of May 10, 2019 close). DJIA, S&P 500, NASDAQ and Russell 2000 have all averaged over 0.50% on the last trading day of the week. S&P 500 and Russell 2000 have been up 16 of 19 (84.2%) last trading days of the week. Even last Friday produced gains as tariffs were implemented. Should this track record of strength on Friday begin to fade, the overall market could soon follow as it would be a clear signal that risk appetite is declining.

Learn more at Stock Traders Almanac

As always, please use protective buy and sell stops when trading futures and options.

Disclaimer: Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. Any decision to purchase or sell as a result of the opinions expressed in the forum will be the full responsibility of the person(s) authorizing such transaction(s). BE ADVISED TO ALWAYS USE PROTECTIVE STOP LOSSES AND ALLOW FOR SLIPPAGE TO MANAGE YOUR TRADE(S) AS AN INVESTOR COULD LOSE ALL OR MORE THAN THEIR INITIAL INVESTMENT. PAST PERFORMANCE IS NOT INDICATIVE OF FUTURE RESULTS.

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Stock Trader's Almanac (1285 Posts)

Jeffrey A. Hirsch is Editor in Chief of the Stock Trader’s Almanac. His latest book "The Little Book of Stock Market Cycles" (Wiley) was published in August 2012. As a frequent participant in the MrTopStep IM-Pro Trading Room, he shares trading insights with our other professional traders and new traders eager to experience the power of collective intelligence. Join us today and get the edge only social trading can give you.

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