TRADING – DAYS OF THE WEEK
Everybody knows, of course, that when the trading day is followed by a series of holidays, very few traders then will choose to stay in the market given the uncertainties present in such periods of market inactivity.
These are some basic information about what normally (not too accurate!!) happened:
MONDAYS – Strong on Monday mornings, reaction early afternoon. Buy cheaper afternoon.
MONDAYS – Weak at opening: rally early afternoon. Close higher.
MONDAYS & TUESDAYS – Strong: reaction on Wednesday.
MONDAYS & TUESDAYS – Weak: rally on Wednesday.
WEDNESDAYS – Ordinary day for declines to start.
THURSDAYS – Decline continues, rally on Friday.
FRIDAYS – Professionals generally – there ara exceptions – do not choose to hold stocks over Saturdays and Sundays.