Hi Guys,
CXO Advisory Group just updated their Calendar Effects study centered around Christmas. Here is the Link to their brief study:
http://www.cxoadvisory.com/4390/calendar-effects/stock-returns-around-christmas/CXO finds that "In summary, best guess is that any anomalous U.S. stock market strength around Christmas will start one trading day before and persist for several trading days after the holiday, but noise generally dominates.”
If you are planning a trade in the very near future it appears that a day or two before the holiday would be an attractive choice.
I wish you all a Merry Christmas and/or Happy Holidays depending on your religious preferences.
Comments
The January Effect starts in mid-December and involves small caps.
Don't bet the farm on either one.