When Months Start Bad Revisited

Beginning of months is a seasonally strong time. The market rises on most occasions. It is fairly rare to see a month start off with two down days. I last looked at bad starts to the month in the blog on June 4, 2008. I’ve updated that study below:

(click to enlarge)

16 for 16 bouncing at some point in the next week suggests a pretty good chance we see a bounce here soon.