Market Usually Stronger Before Independence Day than After

Charts, Commentary, News, Stocks

Over the last 22 years, the trading day before Independence Day has been stronger than the day after. DJIA and S&P 500 have advanced 63.6% of the time with average gains of 0.16% and 0.14% respectively on the day before. NASDAQ and Russell 2000 are slightly softer on the day before, but still lean bullish. On the trading day after Independence Day only NASDAQ has advanced more times than declined. DJIA has recorded the fewest number of advances while Russell 2000 has the worst average performance of a 0.12% loss.

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Stock Trader's Almanac (1265 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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