Strong Historical Bias: S&P 500 and the German Dax
The Ol' Turkey Trade
There's a strong upward bias for next week. In the tables below, I've listed the performance for the S&P 500 (30 years) and for the Dax futures (introduced in 1991). For the S&P, you'll notice the SPX finished the week higher 70% of the time by an average .58%. But the best performing days have traditionally been Wednesday and Friday. Over the two day period, the SPX closed higher 25 of the last 30 years.
Now for the German Dax. For years, I've called this the Turkey Trade (for those who just can't get enough). The Dax futures were introduced in 1991 and since then they've closed positive 100% of the time on Thanksgiving Day.
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