Mondays, Poor Mondays
Monday, August 20, 2012 at 02:03PM Monday market negativity continues unabated today with all three major US indices currently in the red. The "down Monday" trend has been going on for months now, and as shown below, Monday is the only day that has seen the S&P 500 average a decline this year. Fortunately, the market has bounced back nicely for the remainder of the trading week. After a decline of 0.09% on Mondays, the S&P 500 has seen its biggest gain for the week on Tuesdays at 0.19%. The index has averaged a gain of 0.08% on Wednesday, 0.07% on Thursday, and 0.12% on Friday.
If it weren't for Mondays, the S&P 500 would be up about 3 percentage points more in 2012 than it is now. Never has a trader had better ammo to ask for that three-day weekend!
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