Memorial week has some seasonal tendencies of which traders should be aware. I’ll be going in to some of these in this weekend’s subscriber letter, but below is a study that takes a broad look at the week as a whole. You’ll note that the study goes back to 1983. The reason it doesn’t go back further is that before 1983 the market did not exhibit a seasonally strong tendency during Memorial week.
Despite last year being down the circled stats are all impressive. An average gain of nearly 1.2% for the 4-day week along with a profit factor of 5 is very good. I’ll be discussing this and other Memorial week tendencies in this weekend’s letter. If you would like to view it you may sign up for a free trial here.