Congrats Jason! I've got some extra milk if you need it!
Our buddies over at tradeplotter.com offer the following morning missive:
We come in to the day having closed higher for 7 consecutive days in the S&P and having made 6 consecutive higher lows. This has happened twice this year with each extending the streak to 8 before closing lower. However, we wanted to look into the possibility of a "counter-trend Tuesday" and ran the consecutive up days and / or higher lows where the next day is a Tuesday. The results showed a lower close in more than 70% of the occurrences and always resulted in a trade to both sides of unchanged. Most importantly, the average lows and highs were very similar (+.5% to -.6%). Today should be highly predictable and follow a similar pattern.
Also, a hearty Minyanville congrats to our very own Jason Goepert and his family on the birth of a beautiful 5lb 6oz baby girl (both Mom and Baby are doing well). Mini-Minyans of the world unite!
Todd Harrison is the founder and Chief Executive Officer of Minyanville. Prior to his current role, Mr. Harrison was President and head trader at a $400 million dollar New York-based hedge fund. Todd welcomes your comments and/or feedback at email@example.com.
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