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Good Friday week: Go fishing.


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#1 Rogerdodger

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Posted 13 April 2019 - 11:38 PM

Just looking at the sentiment jump this week and comparing to a similar reading at the end of February, when the S&P dropped 95 points.

https://stockcharts..../dpgallery.html

 

I'd be cautious about jumping on any early strength, just based only on that.

 

On the other hand,

Mike Burk's statistics: "Returns for the coming week have been strong by all measures and sensational during the 3rd year of the Presidential Cycle."

 

Then there is Thursday's early close and Good Friday's close to consider.

https://www.kiplinge...t-holidays.html

Thursday, April 18 Maundy Thursday Open Open Early close (2 p.m.)

Friday, April 19 Good Friday Closed

 

 

Results on average suggest an up-down-up oscillation from the trading day just before through two trading days after Good Friday.

SP500-daily-returns-around-Easter-subper

 

 

 

 

So going fishing may be your best bet for next week.


Edited by Rogerdodger, 13 April 2019 - 11:40 PM.


#2 OEXCHAOS

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Posted 15 April 2019 - 07:54 AM

I suspect that you're right. There's some good seasonality but we've got some over-done sentiment and momentum has largely turned down. 

 

Mark


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#3 OEXCHAOS

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Posted 15 April 2019 - 07:54 AM

Breadth is solidly positive though.


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#4 K Wave

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Posted 15 April 2019 - 08:50 AM

WILE E COYOTE may be just about done with the leg pumps here on NQ...



#5 K Wave

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Posted 15 April 2019 - 09:21 AM

Come to papa.....

 

When this checkmark wedge top breaks for real, could be a lot fun on the downside for a bit....



#6 OEXCHAOS

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Posted 16 April 2019 - 02:04 PM

And now momentum has turned up.


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