1. How to use GuruFocus - Tutorials
  2. What Is in the GuruFocus Premium Membership?
  3. A DIY Guide on How to Invest Using Guru Strategies
Dr. Paul Price
Dr. Paul Price
Articles (502)  | Author's Website |

Benefit from the Monday Market Blues

September 15, 2012 | About:
Mondays: Good, or Bad for you?

Research outfit Bespoke Investment Group noted that 17 of the past 19 Mondays had shown negative share price movement. That is about as bad a Monday streak as any since 1920.

1032107539.jpg

Last Monday the DJIA continued the trend sinking by 52.35 points. The other four days ended up widely positive with the full week showing a 2% gain. Many traders, aware of this pattern, have avoided buying on Mondays.

711561769.jpg

Chart Source: Barrons Sep. 15, 2012

Was that logical if your time horizon is typically longer than 24 hours? If you are looking to put on a position wouldn’t you be better off buying when prices are low? The best day to buy last week was MONDAY when prices were depressed- not later when euphopria was in the house.

Fight group think to get stronger results. Identify stocks you want to own then initiate or increase positions on weakness. You’ll always need to pay extra if you insist on having crowd sentiment agree with you.

About the author:

Dr. Paul Price
http://www.RealMoneyPro.com

Visit Dr. Paul Price's Website


Rating: 3.5/5 (8 votes)

Comments

Please leave your comment:


GuruFocus Mobile App


User Generated Screeners


Thomas W. Eaton, Sr.Tom - 8-26-16
rael2222Credit Services
rael2222Insurance - Specialty
DBrizanALL GURUS 1+
rael2222Health Care Plans
rael2222Insurance - Property & Casualt
rael2222Insurance - Diversified
rael2222Insurance - Life
rael2222Staffing & Outsourcing Service
wwv1212Cheap on OCF
Get WordPress Plugins for easy affiliate links on Stock Tickers and Guru Names | Earn affiliate commissions by embedding GuruFocus Charts
GuruFocus Affiliate Program: Earn up to $400 per referral. ( Learn More)
FEEDBACK