August Almanac
Though the last three years have been superb for August, it continues to rank among the worst months of the year. It also has been especially weak in post-election years. The first nine days of the month are notoriously weak with the first Dow down 9 of the last 12 first days and two nasty bearish days on the 11th and 13th.
Then things often pick up mid-month with bullish days on the 14th, 17th and 18th and a strong expiration day the last six years. The week after expiration has also been strong in recent years and the last three days have turned around the last six years as trader’s get in ahead of early September and pre-Labor Day strength. However, the S&P 500 has only been up twice on the second to last trading day in the last 13 years.
STANDARD TRADING GUIDELINES!
BUY LIMITS ARE GOOD TILL CANCELLED.
ALL STOPS EFFECTIVE ONLY WHEN THE STOCK CLOSES BELOW THE STOP PRICE.
ALWAYS SELL HALF ON A DOUBLE.
Please Trade Carefully.
Jeffrey A. Hirsch, Editor
Stock Trader's Almanac® Almanac Investor Copyright © 2009 Wiley Periodicals, Inc., A Wiley Company.
111 River Street, Hoboken, NJ 07030 Tel: 800-762-2974
Pursuant to the provisions of Rule 206 (4) of the Investment Advisers Act of 1940, readers should recognize that not all recommendations made in the future will be profitable or will equal the performance of any recommendations referred to in this Email issue. The information presented in this Almanac Investor has been obtained from sources believed to be reliable, but its accuracy is not guaranteed. The security portfolio of the editor, its employees, or affiliated companies may, in some instances, include securities mentioned in this Almanac Investor Alert. Additional disclosures can be found at www.stocktradersalmanac.com.
