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November Trading Calendar

It seems any headline from Europe is moving the market higher right now, enjoy it while it lasts. Of course, seasonality could kick us into overdrive in the short term too.

In any case, here’s the November trading calendar from super awesome, wicked smart {and must follow} CXO Advisory:

The following chart shows the average month-to-date percentage change in the S&P 500 index by trading day during November from 1990 through 2010. Day 0 represents the October close. It shows that the index during November tends to be very positive, with some choppiness. We have not used data for trading day 21, because many Novembers do not have 21 trading days. Also, sample size is only 17-20 for specific trading days, so these results are only mildly suggestive rather than predictive. For 1990-2010, 14 Novembers have been winners and only seven losers. Election campaign relief in even-numbered years could be a factor in November’s positive track record.

Related:

A Tale of 2 Seasonal Investors – Barry Ritholtz

Euro Headlines Now Opportunity Creators TRB