August 20, 2017

Seasonal Phenomenon Upon Us – New “Weekend Report” Sunday!

As I stated yesterday, a notable seasonal phenomenon is upon us. The last three days of October and the first three trading days of November are overwhelmingly bullish. Going back over the enitre history of SPY (12 years),  not once did the aforementioned time frame finish lower

Furthermore, the Stock Trader’s Almanac has the six days marked with a bull symbol. This signifies favorable seasonal conditions with the S&P finishing the days higher 66.4%, 81.0%, 61.9%, 71.4%, 66.7%, and 61.9%. It is the longest string of “bull symbol’ days in the must-have reference.

I will be back later this weekend (most likely Sunday) with a weekend report of sorts. I want to use it as a reflection of the prior week and the trading week ahead. Notable economic reports, earnings reports, fedspeak, technical signals, etc. and to talk stock options.

Overbought/Oversold for October 26, 2007

S&P (SPY) – 61.3 (neutral)

Russell 2000 (IWM) – 57.6 (neutral)

Dow (DIA) – 56.9 (neutral)

Nasdaq 100 (QQQQ) – 59.0 (neutral)

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Andrew Crowder, Chief Investment Strategist,