July’s first trading day is the third best performing first trading day of all twelve months with DJIA gaining a cumulative 1293.21 points since 1998.
Over the past 21 years, DJIA’s (NYSEARCA:DIA) first trading day of July has produced gains 81.0% of the time with an average gain of 0.39%. S&P 500 (NYSEARCA:SPY) has advanced 85.7% of the time (average gain 0.38%). NASDAQ(NYSEARCA:QQQ) has been slightly weaker at 76.2% (0.26% average gain). No other day of the year exhibits this amount of across-the-board strength which makes a solid case for declaring the first trading day of July the most bullish day of the year over the past 21 years.