Indian Capital Markets

Visit GalaTime

Weak Fridays: Leading indicator for Monday performance?

Posted on August 04, 2007

The US stock markets got slammed hard on Friday after two days of stability and last-hour bull runs. I remember people saying that weak Fridays are never good - investors & traders get the weekend to brood over the drop in their portfolio value, and mentally prepare to sell more on Monday. I would think that people have used historical data to test this hypothesis for the US markets - unfortunately a quick Google search didn t find anything.Nevertheless, I ran a test for the S&P CNX Nifty index to see if this phenomenon held for India. Here are some statistics:For January 2000 through ...

Original article link


cnx , cnx nifty , india , sensex