All Signs Point To A Down Day In The Market Friday The 13th

David Frost // Market Outlook


June 10  

Not just because it’s Friday the thirteenth, but because of the market cycles, technical analysis and a little experience to boot.

Friday is a lunar cycle and as such, a full moon.

Sometimes crazy stuff happens Friday’s that are the 13th, and sometimes the markets make a turning point in full moons.

Low volume is eventually followed by heavier volume, and higher prices are eventually followed by lower ones.

While these are not the technical reasons why I believe we should be on the cusp of at least one big down day, they are some of the reasonable common sense reasons.

In addition, I thought it would be interesting to look back at the last time there was a Full Moon on Friday the thirteenth.  Guess what?  Big pivot in the stock market.  Look at the chart below, the day before on October 12, 2000 identified by the blue shaded circle, the market had what we call a capitulation low, followed by a trend change on, what – Friday the 13th.

Friday the 13th stock market

Then as you would suspect, I had to look further.  What do you know, the next Full Moon Friday the Thirteenth was March 13, 1998.  Guess what, not a huge day by any means, but it was a one day trend change.  See below identified by the blue sphere again.

stock market friday 13th

I thought it was relevant to look back in time to see if there is a pattern to be watched.  There is.

This topic and more is discussed in today’s video found here:

About the Author

Trading and investing in markets is second nature to some, but a mystery to others. The goal is to provide a forum where everyday people aspiring to be part time or full time traders will learn how view markets differently and profit beyond their wildest dreams.

David Frost