Tuesday, September 30, 2014

Buy Rosh Hashanah and Sell Yom Kippur?

Courtesy of Stock Trader's Almanac
This is a table of the DJIA returns from 'Sell on Rosh Hashanah' (= Jewish New Year on Sep 24-26, 2014) and 'Buy on Yom Kippur' (Oct 3-4, 2014) going back to 1971.

The DJIA turned up on Rosh Hashanah (last Friday), and contrary to the Wall Street adage the logic of the solunar forces signals that this week will be up into Yom Kippur. Let's see.