1st Trading Day of the Month

The first trading day of the month is an up day 75% of the time.  The first day of the month also accounts for greater gains than the remaining days of the month combined.  Reasons include a fresh start as the calendar turns, 401K money being invested.  Trading ideas include:  DDM (DOW 30), SSO (S&P), QLD (NASDAQ), FAS (FINANCIAL), TNA (SMALL CAP)- all 2x ETFs.

Below is a chart of the first trading day of every month since September 1997 for the DJIA.