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Memorial Day - Friday Before Weak and Bullish After

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This article is published in collaboration with Scutify, where you can find real-time markets and stock commentary from Robert Marcin, Cody Willard and others. Download the Scutify iOS App, the Scutify Android App or visit Scutify.com.

In the Stock Trader's Almanac we show how the days after Memorial Day have been rather bullish. In the table below I went back to 1971, the year the Uniform Monday Holiday Act took effect, moving Memorial Day and most other federal holidays to Monday.

Improved performance since 1986 is also highlighted. In what used to be the "May/June Disaster area" the S&P was down 15 of 20 Mays from 1965 to 1984. Then May was the best month from 1985 to 1997. Some of this bullishness after Memorial Day can be attributed to the strength of the first two days of June (like this year). In recent years, the Friday before Memorial has become getaway day on The Street and volume is often diminished and trading uninspired. NASDAQ exhibits a similar pattern to S&P 500 over the same time periods.


This article was written by Jeff Hirsch for Almanac Trader on May 25, 2017.

This article published in collaboration with Scutify, the best app for traders and investors. Download the Scutify iOS App, the Scutify Android App or visit Scutify.com.

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