Jeffrey A. Hirsch
@AlmanacTrader
CEO Hirsch Holdings, Publisher Almanac Trader, Editor Stock Trader’s Almanac | “Those who understand market history are bound to profit from it!”
1.2K Following 48K Followers
S&P 500 has advanced in 16 of the last 18 October monthly option expiration weeks.
Midterm October new all-time closing highs have been uncommon, but still bullish for Q4. 2014, 1958, and 1954, average Q4 gains +8.68%.
Don't Fear Octoberphobia. Embrace It.
Most volatile month. Don't let a little Octoberphobia shake you out of the market. Use early-October weakness as a buying opportunity. Midterm October kicks off the 4-Year Cycle sweet spot. Best Months MACD Buy setting up. Be patient.
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Tuesday after Labor Day: DJIA, S&P 500 & R2K down 9 straight. DJIA weakest, up just 33.3% of the time since 2005, average loss –0.28%. S&P 500 is similarly weak average loss –0.20%. NASDAQ & R2K are modestly better based upon frequency of gains, but performance on Tuesday is negative.
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