Week Before Thanksgiving Bullish Too

Charts, Commentary, News, Stocks, Technical Analysis

In addition to this week being options expiration week, this week is also the week before Thanksgiving week. This overlap occurs in most years, but not all. November 2013 would be the most recent example when they did not overlap. Nonetheless, the overall bullish bias that options expiration week exhibits also exists during the week before Thanksgiving week. Over the last 21 years, DJIA and S&P 500 have both advanced more than 70% of the time during the this week. DJIA has gained an average of 0.65% and S&P 500 0.32%. NASDAQ and Russell 2000 are slightly weaker, up just 61.9% of the time with average gains of 0.56% and 0.15% respectively. Steep losses occurred in 2008 during financial crisis and 2011 also hosted sizable losses.

Read this article in its original format at AlmanacTrader.com

MrTopStep Group

Questions: info@mrtopstep.com

Follow Us On Facebook and Twitter For More Intra-Day Market Updates!
https://twitter.com/MrTopStep (@MrTopStep)

Dont Forget To Subscribe To Our YouTube Channel!
Sign Up Here: http://www.youtube.com/mrtopstepgroup

Follow MrTopStep in our Social Space:

Stock Trader's Almanac (987 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.

Leave a Reply