The Mechanical Investor

An interesting post on when to buy stocks based on the day of the week.

http://ripetrade.blogspot.com/2008/11/day-of-week-trading-edge.html

An excerpt:

Historically the best days of week to buy the S&P has been ( Monday, Wednesday, Thursday) the worst day of week to buy has been Friday and Tuesday.

The average 1 day performance of the S&P on a Monday while in a down trend and after having completed a bullish range pivot is 12.6 times greater than the average 1day performance of any random day. The average 1 day performance of the S&P on a Friday while in an down trend is 5 times worse than the average 1 day performance of any random day.

Related Reading:

The Bogleheads' Guide to Investing

Fire Your Stock Analyst!: Analyzing Stocks On Your Own (2nd Edition)

Personal Finance

Value Investing: From Graham to Buffett and Beyond (Wiley Finance)

Fundamentals of Corporate Finance + Standard & Poor's Educational Version of Market Insight

This content is published under the Attribution-Noncommercial-Share Alike 3.0 Unported license.