1st Trading Day of the Month Historically Enjoys an Unusually Strong Upward Bias

Monday marks the last trading day of both the month of June and the second quarter of 2014, which means that Tuesday begins both a new month and a new quarter. For the last 17 years, that first trading day of a new month has enjoyed an unusually strong upward bias. In fact, a portfolio invested only in the first day of the month (and sitting idle all others) has dramatically outperformed a portfolio that has instead been invested during every day of the month except that first session.

Copyright © 1995-2014 Dorsey, Wright & Associates, LLC.®

Always consult an investment professional before making investment decisions. Nothing in this post is to be construed as investment advice. All investments have a risk of losing value. small loans without credit checks