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SPI goes up on Fridays

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amy997

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Has anyone else noticed that the last four fridays the SPI has had a massive up day of at least 100 points? Anyone know why this might be?
 
amy997 said:
Has anyone else noticed that the last four fridays the SPI has had a massive up day of at least 100 points? Anyone know why this might be?
Click to expand...

You often see patterns like this. only problem is by the time I recognise them they are just about to change.
 
amy997 said:
Has anyone else noticed that the last four fridays the SPI has had a massive up day of at least 100 points? Anyone know why this might be?
Click to expand...

And generally the DJI falls on a Friday night and we then get smashed on a Monday.
 
It seems to me more like someone has a lot of momey to spend on fridays this year. Its not the superfunds, but it maybe people taking out margin loans. I read recently that people with money in tricom on margin loan could only get their money out on fridays. If thats the case makes sense it can only go in on a certain day as well.
Any thoughts?
 
Can't remember that far back, but have a look at what the DOW has done on the last 4 thursdays as I think they have been decent
 
Its quite common for a Friday to be counter trend to the weeks trend, especially in bearish times such as we're seeing now. The reason is that larger traders are advised to square up positions into the weekends. During the week they can hedge their exposure but on weekends they are fallible. So when you see an up Friday it means the larger traders have been short and are covering.
 
Nick Radge said:
Its quite common for a Friday to be counter trend to the weeks trend, especially in bearish times such as we're seeing now.
Click to expand...

Nick - do you find that this holds true for equities as well or are you mainly talking futures here?

Cheers
AV

p.s. Read Adaptive Analysis a couple of weeks back. Brillant work!
 
No Green yet!

Thou it has put in a low early after the open and been going up since then. Does that count?
 
we've seen rally into close the last few fridays after 2.30pm...

observation courtesy of Frank D

Nick that makes perfect sense... (you'd certainly be looking to hedge your long positions atm)
 
here we are at another friday...

currently ~40 points off the lows at 5500 at around 12:20

let's see what happens into the close
 
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