Back in the 1920s, the saying was the opposite, to buy Rosh Hashanah, and sell Yom Kippur. Like a lot of calendar trends, once it becomes widely known, it shifts. Since 2000, the average period between the two holidays is down 0.4%, with seven out of eight losers. Rosh Hashanah is this weekend.
SPY has reached the price target of 105. It doesn't look like a great short in here, but I may take a small shot on the short side. The up move in stocks has been a bulldozer, sweeping everything aside.
Long GDX*, GLD (2)
*GDX expiring this Friday
No comments:
Post a Comment