It’s Friday. What Else Could We Expect?

Nearly every trading day the market finds a low early in the session and rallies higher throughout the day. Today is no exception to the usual market action except that it is a Friday. Rarely, will the major stock market indexes decline sharply on a Friday. This is when U.S. consumers will begin their weekend and spend money. If someone saw the stock market down sharply ahead of the weekend they may think twice about spending their cash. Therefore, we call the end of the week the ‘Friday Effect’ and look to buy the dips.

About Nicholas Santiago 576 Articles

Affiliation: InTheMoneyStocks.com

Nicholas Santiago started trading in 1991. In 1997, he became a licensed Series 7 and 63 registered representative. He managed money for a large, affluent private client group. After applying his knowledge to his client base, he decided it was time to begin teaching those interested in learning his methods. He is an expert in Technical Analysis. He has become an accomplished technician in the studies of Elliot Wave, Gann Theory, Dow Theory and Cycle Theory. In 2007, he partnered with Gareth Soloway to form InTheMoneyStocks.Com and realize his dream of educating others about the truth of the markets.

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