stockindex.com.au » day of the week http://www.stockindex.com.au Facts and Statistics About the Australian Stockmarket Thu, 08 Dec 2011 01:29:56 +0000 en hourly 1 http://wordpress.org/?v=3.2.1 Daily Performance based on the Day of the Week http://www.stockindex.com.au/?p=82 http://www.stockindex.com.au/?p=82#comments Fri, 09 Sep 2011 03:58:58 +0000 Gary http://www.stockindex.com.au/?p=82 Continue reading →]]> Further to the previous post; what is the strongest day of the week for the stockmarket?

The graph below indicates that over 3 decades Wednesday was the strongest, and Thursday the next best. Tuesday is the stand out worst.

The Tuesday average may have been distorted somewhat by the 1987 stockmarket crash which happened, in Australia, on Tuesday 20 October 1987. However, we did test the data with that day taken out, and it was still the worst day of the week.

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