Best Day of the Month

Since the bottom in 2003, the 1st trade day has been the best day of the month for SPY. The 23rd trade day of the month has been nearly as good. The 11th trade day of the month tends to quite good as well.

The strength early and late in the month is certainly something that can be exploited for a short term trade. Examination of market circumstances near the end of the month and this seasonal bias may yield a a reliable trade that can be added to your arsenal.

The table below shows the results for each trade day of the month. Note that the Nth trade day of the month is the Nth day on which trading occurred during the month. Also note that the 20th through 23rd trade day of the month do not occur in every month.