The Importance of Fridays

I wanted to follow up on the importance of Fridays.

According to the Stock Trader's Almanac of 2011, "Fridays and Mondays are the most important days of the week. Friday is the day for squaring positions--trimming longs or covering shorts before taking off for the weekend. Traders want to limit their exposure (particularly to stocks that are not acting well) since there could be unfavorable developments before trading resumes two or more days later...For over 30 years, a down Friday followed by a down Monday has frequently corresponded with important market inflection points that exhibit a clearly negative bias, often coinciding with market tops and, on a few climactic occasions, such as in October 2002 and March 2009, near major market bottoms." page 52

When it comes to investing and trading, the day of the week matters. Take advantage of this information.

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