Per Diem: Strange Brew
by
, 03-19-2015 at 09:02 PM (1390 Views)
March has been a most unusual month
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15th trading day of March
SPX, 40% winning ratio with .07% average returns
R2K, 40% winning ratio with -.01% average returns
AGG, 45% winning ratio with -.13% average returns
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Friday
SPX, 27% winning ratio with -.27% average returns (last 3 closed down)
R2K, 27% winning ratio with -.29% average returns (last 3 closed down)
AGG, 55% winning ratio with -.09% average returns
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S&P 500, Daily, Last 7 days
Down, up, down, up, down, up, down…
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S&P 500, Daily, It's been 23 days since we've closed up more than 1 day in a row.
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The markets met my expectations today with tight price consolidation taking place, with some indexes closing up while others closed down. For Friday's price action, I expect to close flat-to-down, mostly because I'd find it hard to believe traders would want to stay invested over the weekend and perhaps this will leave us room for a Monday pop. But this is all really just a guess, if for some reason we put in a large up day tomorrow, I have an inclination most of the gains will be erased before the close.
Take care…Jason