Best Day-Trading Day 2011

Everybody has a plan until they get punched in the face.
~Mike Tyson


Day traders will agree that price action that includes volatile swings timed correctly make for a profitable day. But is there a bullish or bearish bias for each individual day of the week? Pre-2011 historical data is presented in a previous post back in February of this year.

For 2011, the chart below shows a divergence between Tuesday and Wednesday after the first half of the year. The chart was constructed by simply summing the point gains and losses since the beginning of the year for the S&P 500 between the opening and closing bells.



Currently, Tuesday has been the day of the bull with a total of 151 points, and Wednesday has been bearish over the last few months with a total point count of -124. Thursday is the only other day with a positive point count (53 as of last week).

Monday is a little out of sync since there were fewer of those days and the line was not adjusted accordingly to fit the year-to-date timeline.

Since the Dow, Nasdaq, and S&P were all down today on bullish Tuesday (-0.46%,-0.07%, -0.41% respectively), will this mean that bearish Wednesday will be a banner day for the QID-laced Cheetum Market Indicator, and my FSLR puts? We can only hope for more blood in the jungle. If not, maybe Tuesday and Wednesday are just reverting back to the mean.