Which is the best day of the week to buy stocks historically?

[murray t turtle]

The day you get your buy signal.

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Learner 88 wants buy signal; that could work.. Something else that can work; buy over 200 dma + about 50 days above 200dma And ''slow sto'' signal saying its over bought for 50 days. Not because 50 days is such a perfect number; its simply a good upTrend in that case.

 

[speedo]

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Learner 88 wants buy signal; that could work.. Something else that can work; buy over 200 dma + about 50 days above 200dma And ''slow sto'' signal saying its over bought for 50 days. Not because 50 days is such a perfect number; its simply a good upTrend in that case.

Sonnds like Learner 88 has some work to do

 

[2rosy]

looks like wed for SPY from 2014 to present

import pandas as pd
import pandas_datareader.data as web
import datetime

start = datetime.datetime(2014, 1, 1)
end = datetime.datetime(2018, 12, 4)
spy= web.DataReader('SPY', 'iex', start, end)
spy['day_of_week']=pd.to_datetime(spy.index)
spy['day_of_week']=spy.day_of_week.dt.day_name()
spy['range'] = spy.close - spy.open
spy.groupby('day_of_week').agg(mean)['range']
        

---------------------
day_of_week
Friday       0.002380
Monday      -0.060331
Thursday    -0.003328
Tuesday      0.045062
Wednesday    0.072605

 

[Pekelo]

Buy on Mo and Th, sell on Fr. Got it!!!

 

[mushinseeker]

2Rosy thanks for the code. Let me make sure I am interpreting this correctly...the SPY tends to gain 7 cents just by buying 9:30 and selling4pm Wednesdays and tends to lose 6 cents on Mondays? If that it, that is a very small edge right?

 

[2rosy]

2Rosy thanks for the code. Let me make sure I am interpreting this correctly...the SPY tends to gain 7 cents just by buying 9:30 and selling4pm Wednesdays and tends to lose 6 cents on Mondays? If that it, that is a very small edge right?

correct. I wouldn't call it an edge. it just happens to be that way for the given symbol over the given time frame. I or anyone could find billions of these scenarios... then create a newsletter or service and sell to the masses

 

[mushinseeker]

i betcha if u look at less efficient/liquid names those figures will be more interesting.. esp close yest - open today

 

[murray t turtle]

I am not sure if there is such a statistic but it will be interesting to know.

Is Monday the worst day to buy stocks because people have Monday blues, so Mr Market will be in bad mood? Is Friday the best day because people are in good mood (Thank God it's Friday), so Mr Market will be in good mood?

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Not a prediction, but since you like 88.
barchart.com rates SPY an 88% sell.

I dont buy bear rallies very often;
+ not a prediction + FRI maybe better up than today-Thur.LOL It tends take me more comissions in bear rally, so i was not suggesting a SPY buy on FRI. And if 1st quarter/200day moving average tends to do well+ oops does not do well, well that helps also .

 

[TheBigShort]

12 years of data on SPX, looks like buy monday close

 

[mushinseeker]

Lets kick it up a notch! ...measuring granular vols > open2close, yestclose2Open, yestClose2Close... some of these tickers have interesting profiles...very pronounced on multinational names/ADR's vs. the "locals"