Over the past 10 years, the market has made all of its gains during the first trading day of each month. In fact, the average of all other days of the month was negative.
From September, 1997 - 6/1/06 1st d of month, there were 106 such first days.
- The Dow gained gained 41.7 points on average during the first day of each month vs. a 0.37 point loss the other days.
The first day of August performed worst falling 6 of the last eight times.
- Stock Trader's Almanac, 2007
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