When comparing first trading day of the month performance to all other months, the first trading day of March has a bullish history. Examining the last 21 years of data reveals S&P 500 has the best record, advancing 71.4% of the time with average gains of 0.45%. NASDAQ is second best based upon frequency of gains, up 66.7% of the time period examined with a solid 0.74% average gain. After a rough patch from 2007 through 2011, March’s first trading day appears to be improving even further. DJIA, S&P 500, NASDAQ and Russell 2000 have all recorded gains in eight of the last ten years.