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DJIA & NASDAQ up 78.3% of the Time on Feb’s 1st Day Last 23 Years

February may be the weak link in the “Best Six Months,” but
its first trading day has a solid, bullish bias. Over the past 23 years, S&P
500 has advanced 73.9% of the time with an average gain of 0.45%. DJIA and
NASDAQ also exhibit strength. DJIA has been up 78.3% of the time with an
average advance of 0.39%. NASDAQ has been best, also up 78.3% of the time but
with an average gain of 0.55%.

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