April Opex History Against the Bears, However...

Here’s a little history of the OPEX week in April over the past 10 years (2000 – 2009), and it's not in favor of the bears - only 2 (2004 & 2005) out of 10 were down. However, when they went down, they went down hard. The Nasdaq lost 2.8% in 2004 and 4.6% in 2005 during the OPEX weeks. In addition, this year the Nasdaq had already gained 8% coming into the OPEX week, from the beginning of March. In no year had the Nasdaq gained this much except for last year, 2009. Prior to the OPEX week last year, the Nasdaq had gained 25% from the beginning of March. However, last year’s gain during the OPEX week was a measly 1.2%. And finally, it’s but a myth that April is traditionally a strong month for stock market. It’s actually a split decision. 5 out of the past 10 years the Nasdaq had gone under in April, and they're 2000, 2002, 2004, 2005, & 2006. So, add that to your TA, numerology, or voodoo (like I do), and place or hold your bets… Have a great weekend!

Edited by TechMan, 09 April 2010 - 07:03 PM.

dTraderB "Agreed... and if there is not enough energy and momentum to take out the previous highs then it will go down." "OTH, April is one of the most bullish months...."

dTraderB "Agreed... and if there is not enough energy and momentum to
take out the previous highs then it will go down."

"OTH, April is one of the most bullish months...." Not so....

Traders Almamac.....P. 38: April is the best Dow month since 1950 and ends the best 6 month's of the year. Early and Mid-April are the strongest.