I had noticed in prior years that for some reason, there was a pattern in movements in Apple stock.
I looked at the last year, and gosh damn it, the pattern is still there. Look at these numbers. Start with close Friday price to close Monday, and so forth.
Day Change
Monday | 128.65 |
Tuesday | 59.22 |
Wednesday | -19.9 |
Thursday | -69.34 |
Friday | -58.64 |
Net change for the year -38. No matter, if you bought on Friday close and sold at Tuesday close, you would be up 187 points. Incredibly bizarre that it's so obvious. It's not everyday, of course. Every Monday isn't up. But when it is, it more than blows away the bad days. Just imagine if you had the courage to short starting later in the week.
Feel free to perform your own backtest. Pick any period.
The big question is, of course, why? Other stocks have patterns, but few this consistent. I can make a few guesses, but I'll leave that up to you.
The posts here are informational and not a recommendation. Who knows if the pattern will continue? Time will tell. I currently have no position in $AAPL.
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