Your #1 Swing Trading Strategy & Stock Pick Site



Premium Stock Picks with Entry, Exit and Stop Loss
STOCK SCREENER on more than 126+ International Exchanges, Funds and 1397 Indices WorldWide
MarketClub incl. Chart Portfolio - Smart Scan - Trade School - Streaming Chart Tools - News...
draw trend
You Are Here: Home > Articles > Commentary > What the Heck is Going on During Mondays...

What the Heck is Going on During Mondays Lately? Always Up
Rating: -
Nov 20, 2009

Picture

Trader Mark

add Fund my Mutual Fund
More articles
Font Size:
Text size
Text size
Text size

I've noticed Mondays have been very strong lately; the past few weeks government officials worldwide reiterated stimulus, money printing, and more stimulus - first in the G20 (2 weekends ago) and then in Asia (last weekend).  But then I thought back and it seemed like every Monday we seem to walk in to things that hammer the US dollar, and the market soars.  So I thought I'd look a bit closer. 

Click here to enlarge
| Open in another window


Whatever (or whomever) is doing this, seems to love marking the markets up on Monday.  Just by chance?  Or am I data mining?  If the pattern holds you should be buying hand over fist for "Monday Mark Up"... or at least covering any index short exposure.  Considering we are sitting just over the 20 day moving average and we'll be drunk in some announcement over the weekend that will cause the US dollar to sink.... odds are for another one lovely Monday?
I've cut back my index short upon noticing this trend plus the near term support level ....


Rate this article

 
 
(click to rate) 


Back to top


You Are Here:Home > Articles > Commentary > What the Heck is Going on During Mondays...

BUY? SELL? HOLD?
Find out now.