"Buy Tuesday, Sell Monday" Capital

While everyone now knows that the 2amET European-open hour is the most profitable to be long the US equity market, there is an even easier way to make money in stocks (without the need to wake up early). As Nanex shows, "Buy Tuesday" is the best-performing strategy - outperforming such foolish trades as "Buy Wednesday" or "Sell On Friday and Go Away" by a considerable amount. One thing though, just like The Boomtown Rats, stocks don't like Mondays (or haven't done for a decade).

"It's a no-brainer"

Source: @NanexLLC

Comments

[symtex411]

So easy a child could do it

[Squid Viscous]

just buy every day... and sell gold at 8:29 a.m. NY time

[KnuckleDragger-X]

Shiny, and it'll work till it doesn't.......

[Hype Alert]

If Tuesday is the most "up" day, wouldn't you buy on the down days and sell on the up days?

[Umh]

Sssssh, we're huntin wabbit.

[Glass Seagull]

Fama:  eat your fucking heart out, you obfuscating propagandist!

[Crocodile]

Buy Monday and sell on Tuesday or buy low and sell high.