The 2nd Week Of The Month Continues TO Be Bullish For Stocks
Well, the 2nd week of the month continues to provide an upward bias for stocks. As you recall I bought DIA on Monday and exited today at the close for a profit. I will admit it was a very small profit in the dow, but it was still a profit.
In addition to buying DIA, I also played the other indices from the long side such as EEM and the NASDAQ. Those two markets made more money than the dow because they rallied more. You'll notice just about all stock indices tend to rally during the 2nd week of the month and that is why I've been so bullish every month around this time.
At some point this bullish bias will fade away, but until then I will continue to trade it.
Will it work next month? I guess we'll just have to wait and see.
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1 comment:
Kevin:
I don't know whether or not you'd get comments from older blogs, but would next week starting Nov 12 be considered a 2nd wk for this month? Thanks.
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