For the past 10 years statistical research suggests Mondays and Tuesdays are the most consistently bullish days of the week for the Dow Jones Industrial Average and Thursday and Friday are the most bearish.
How can market participants take advantage of this phenomenon?
To increase the probability of success, try to time your trading methodology so it corresponds with the bullish/bearish day phenomenon. Now, this does not mean every Thursday & Friday are good days to enter positions at favorable prices, but knowing a little extra statistical data can assist Portfolio Managers, Swing Traders and Investors manage risk better and increase the bottom line.
Keep in mind, this is not investment advice and should be used for educational and informational purposes only. The bullish/bearish phenomenon, as with any trend can change at any time.
Mike Matousek, CMT
Portfolio Manager, ETF Updater
http://etfupdater.com/
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