Thanksgiving has typically shown some pretty consistent seasonality. Both the Wednesday before and the Friday after have exhibited bullish tendencies while the Monday after has been slightly bearish. Last year I showed a table breaking it all down by day. Today I decided to show a profit curve that represents simply owning the SPX from Tuesday’s close through Wednesday’s close.
Futures are down quite a bit this morning, so it may be difficult to keep this curve moving higher today, but over the years the next couple of days has been a pretty good bullish bet. And when seasonality is this consistent it is often worth keeping in mind.