Wednesday, September 28, 2011

SP 500 and NDX Futures Daily Charts - "Sell Rosh Hashanah and Buy Yom Kippur"



The old Wall Street adage says:
"Sell on Rosh Hashanah and Buy on Yom Kippur."
Rosh Hoshanah begins at sundown on Wednesday, 28 September this year, and Yom Kippur at sundown on Friday, 8 October.

And the selling did come in today as stocks turned lower after a stronger open.

We are into the end of the month tape-painting period, and barring any fresh negative developments from Europe we *

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