18 March 2014 ~ What’s so special about Tuesday?

I won’t be in a position to update the Harry Hindsight Highlight Reel this week, although will continue to record my screen and hopefully catch up over the weekend.

Suffice it to say, from what I’ve seen Russian President Putin did provide some flurry of excitement on the markets today.

In the meantime, I’ve been taking a closer look at the S&P 500. As Zero Hedge blog discussed in the past, there is a peculiar tendency for the S&P to rally on Tuesday. I’ve crunched through some of the numbers today – it is a very interesting phenomenon and I wonder whether it has something to do with human nature, or simply pure random chance?

I will be fascinated to investigate further, whether such phenomenon exists on the 30 minute charts.

Broken down by day

Broken down by day

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2 thoughts on “18 March 2014 ~ What’s so special about Tuesday?

  1. I don’t like Mondays

  2. I think it is interesting and worth further investigation. One idea would be to look at which Tuesdays are down and which are up and if certain conditions proceed these.

    I imagine you have measured from Monday close to Tuesday close?
    Or Tuesday’s open to Tuesday’s close?

    For an intraday trader the relevant measure is from the LOD to HOD (or vv), at least for myself.

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