Its the first trading day of a new month. Going long on this day has a good success rate however on the occasions where this set does fail a large proportion have been on a Friday i.e its less likely for funds to commit new monies at the end of the week and instead wait for the following Monday [Signup For Mark's Trading Plan]
When I met Mark I was enormously impressed with his FTSE trading abilities, so much so that I decided to recommend him to my clients. John Piper
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