Melbourne Cup provides a Bullish Setup for Australian Equities
Probability Trader
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Melbourne Cup provides a Bullish Setup for Australian Equities. In Australia the press dub the Melbourne Cup as the race that stops a nation. It is truly one of the social events of the year & the mood of the nation tends to be exceedingly upbeat. It is also a very positive period for Australian stocks. Recording all 5-day returns up to & including the 1st Tuesday of November (Melbourne Cup Day) from 1992 to 2012 (XJO starting date May 1992), we found that the S&P ASX 200 (XJO) had a tendency to produce inordinate gains with an average move of 1.96% & winning form of 17 from 21 (max 11.08%, min -4.67%). Melbourne Cup Day returns are also reasonably positive delivering an average 1-day increase of 27 basis points with a 15 from 21 win rate.
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Probability Trader
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www.probabilitytrader.com
Probabilitytrader is an independent financial research group that provides objective analysis for traders of Global Stock Market Index CFDs, ETFs, Futures, and Options. Our forward looking analysis covers timeframes as short as 1-day to as long as...
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Probability Trader
Quantitative Research Analyst
www.probabilitytrader.com
Probabilitytrader is an independent financial research group that provides objective analysis for traders of Global Stock Market Index CFDs, ETFs, Futures, and Options. Our forward looking analysis covers timeframes as short as 1-day to as long as...
Expertise
No areas of expertise
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