By Lawrence G. McMillan
This is one of our best seasonal trades, but it doesn’t occur every year. Simply stated, if there is a selloff in the broad market of at least 3.2% at any time during October, then the end of the month presents a strong buying opportunity: Buy on October 27th (if that’s a weekend, as it is this year, then buy on the preceding Friday – which would be today, October 25th). Sell on Nov 2nd (if that’s a weekend, as it is this year, then sell at the close on the following Monday – which would be November 4th this year)...
October Seasonal – 46-year History
| $SPX | Pct | |
| Sum | 697.76 | 80.19% |
| Average | 18.36 | 2.11% |
| Median | 5.03 | 1.61% |
| Wins | 32 | |
| Losses | 6 | |
| Omits | 8 |
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