FYI: Page 88 of the Stock Trader’s Almanac 2017, points out Presidents’ Day as the poorest performing holiday of the eight holidays that are tracked. Unlike the others, the trading day before and the trading day after this three-day holiday weekend are both down on average over the past 34 years.
Depending on how February lays out in a monthly calendar, the Tuesday after Presidents’ Day is either the first trading day of option expiration week or the week after options expiration week. In the tables below, the years when Presidents’ Day occurs in the week after option expiration are highlighted. This year, Presidents’ Day falls in the week after options expiration.
Regards,
Ted
http://jeffhirsch.tumblr.com/post/157288410388/presidents-day-historically-bearish-day-before
