The Friday before Labor Day has long been a strong seasonal day for the market. Below is a stats table based on buying the Thursday before Labor Day and selling the close on Friday.
With 71% of the days finishing higher, a profit factor of over 2.5, and an average trade of 0.3% the stats are quite compelling. Futures are up pretty strong right now, so this one has a head start. But gold subscribers were alerted to this in yesterday afternoon’s Quantifinder, and Overnight Traders were also made aware of the strong seasonality yesterday afternoon.