It’s Friday the 13th. A day of ominous superstition and bad luck.
I know what you’re thinking:
But not as far as stocks are concerned.
In fact, looking at 2013 in general, for the S&P 500 Friday has provided a solid upside edge. Of the 48 Friday trading sessions booked this year, 32 (66.67%) of them have been positive; and with an average gain of +0.55%, or +9.82 points based off yesterday’s 1775.5 close. Flipping the coin over, the 16 losing days have averaged a comparatively modest -0.34%, or -6.04 points.
In the chart below the 32 positive days are highlighted, with these and other performance statistics. (click image to zoom)
Twitter: @andrewunknown and @seeitmarket
Author holds no exposure to securities mentioned at the time of publication.
Any opinions expressed herein are solely those of the author, and do not in any way represent the views or opinions of any other person or entity.
