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