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Below are tables that summarize the best trading strategies for gains on Wednesday.

The data was gathered from February of 1993 through January of 2005.  Over this period, the average stock gained about .097% per Wednesday...an annualized gain of 24%. 

So...what are the most interesting results in these tables?...

1)  As is often the case, a high "high-close" or low "close-low" differential in the previous session predicts gains.  Other indicators of recent losses (e.g. a large loss on Monday or Tuesday) also predict gains.  Combining such indicators with a low market capitalization can be all the more potent.

2)  Wednesdays are strong on the 28th, 29th, 30th, and 31st.  Wednesdays are weak if they occur on the 8th, 9th, 18th, or 19th of the month.

3)  As with other days of the week, a strong market on the previous day presages a strong Wednesday.  A weak Tuesday presages a weak Wednesday.  There's one small oddity here, however:  a very strong Tuesday session, with gains above 1.95% in the Russell 3000, tends to forecast a weak Wednesday.

Date(ymd): 050201
Average Gain: 23.90
Group Stdev: 53.63
Market Focus: 5.3+2.3
(0.00000, 0.00000)
Market Focus5: 3.8+1.6
p=n=r=1, period = 30
Top Gaining Groups
513.75 markcap_est 0.27 to 19.33 (1)+ move_ave5 -0.55 to -0.03 (1)
489.76 high-close 4.25 to 76.66 (10)+ markcap_est 0.27 to 19.33 (1)
461.03 close-low -0.00 to 0.00 (1)+ recent_std 0.05 to 0.31 (10)
435.82 corr -0.00 to 0.55 (1)+ move_ave5 -0.55 to -0.03 (1)
433.01 leadership -44.80 to -20.10 (3)+ momentum -100.00 to -29.65 (1)
422.65 high-close 4.25 to 76.66 (10)+ corr -0.00 to 0.55 (1)
408.89 high-close 4.25 to 76.66 (10)+ yest_market -0.71 to -0.37 (3)
398.94 gain1 -60.21 to -2.95 (1)+ markcap_est 0.27 to 19.33 (1)
397.60 gain3 3.12 to 96.58 (10)+ move_ave5 -0.55 to -0.03 (1)
388.25 high-close 4.25 to 76.66 (10)+ pkurt 2.86 to 2.90 (6)
Losing Groups
-309.68 day_of_month 7.00 to 10.00 (3)+ slice97 -5.85 to -0.85 (1)
-288.26 corr 0.80 to 0.99 (10)+ slice47 -3.15 to -0.65 (1)
-287.12 markcap_est 0.27 to 19.33 (1)+ move_ave5 0.03 to 0.35 (10)
-273.10 close-low 4.37 to 65.80 (10)+ markcap_est 0.27 to 19.33 (1)
-272.83 close-low 4.37 to 65.80 (10)+ yest_market -0.15 to 0.04 (5)
-270.29 day_of_month 7.00 to 10.00 (3)+ corr 0.80 to 0.99 (10)
-269.82 close-low 4.37 to 65.80 (10)+ yest_market -0.37 to -0.15 (4)
-260.94 volume3_10 -0.23 to -0.14 (4)+ big_pslice -8748.42 to -597.21 (1)
-250.44 day_of_month 7.00 to 10.00 (3)+ vstock_ind 0.26 to 0.70 (8)
-249.35 gain1 3.11 to 41.11 (10)+ markcap_est 0.27 to 19.33 (1)
Date(ymd): 050201
Average Gain: 23.96
Group Stdev: 32.90
Market Focus: 6.3+2.6
(0.00000, 0.00000)
Market Focus5: 3.6+2.0
p=n=r=1, period = 30
Top Gaining Groups
324.57 high-close 2.78 to 76.66 (5)+ markcap_est 0.27 to 46.47 (1)
270.89 markcap_est 0.27 to 46.47 (1)+ move_ave5 -0.55 to -0.02 (1)
246.35 close-low -0.00 to 0.24 (1)+ stdev 0.04 to 0.20 (5)
245.22 high-close 2.78 to 76.66 (5)+ yest_market 0.23 to 0.73 (4)
234.98 gain1 -60.21 to -1.67 (1)+ markcap_est 0.27 to 46.47 (1)
232.30 close-low -0.00 to 0.24 (1)+ recent_std 0.03 to 0.31 (5)
225.78 close-low -0.00 to 0.24 (1)+ prcvd_risk 3.04 to 187.47 (5)
220.12 markcap_est 0.27 to 46.47 (1)+ mov_ave20 -0.65 to -0.04 (1)
218.42 momentum -100.00 to -17.66 (1)+ markcap_est 0.27 to 46.47 (1)
213.26 recent_price 0.56 to 10.70 (1)+ close-low -0.00 to 0.24 (1)
Losing Groups
-152.30 high-close -0.00 to 0.15 (1)+ stdev 0.04 to 0.20 (5)
-147.75 prd_lastyear -0.38 to 0.34 (3)+ move_ave5 0.02 to 0.35 (5)
-143.88 high-close -0.00 to 0.15 (1)+ recent_std 0.03 to 0.31 (5)
-138.51 markcap_est 0.27 to 46.47 (1)+ move_ave5 0.02 to 0.35 (5)
-133.61 high-close -0.00 to 0.15 (1)+ prcvd_risk 3.04 to 187.47 (5)
-133.59 corr 0.75 to 0.99 (5)+ slice47 -3.15 to -0.40 (1)
-130.06 close-low 2.83 to 65.80 (5)+ markcap_est 0.27 to 46.47 (1)
-124.58 resist1 0.31 to 90.81 (5)+ yest_market -4.00 to -0.71 (1)
-120.98 high-close -0.00 to 0.15 (1)+ gain2 -62.29 to -1.71 (1)
-119.52 close-low 2.83 to 65.80 (5)+ vskew -7.95 to -0.91 (2)
Date(ymd): 050201
Average Gain: 24.54
Group Stdev: 31.61
Market Focus: 4.7+2.0
(0.00000, 0.00000)
Market Focus5: 2.6+0.7
p=n=r=1, period = 30
Top Gaining Groups
243.91 high-close 6.65 to 76.66 (25)
224.57 move_ave5 -0.55 to -0.05 (1)
213.64 gain1 -60.21 to -4.90 (1)
188.04 momentum -100.00 to -45.48 (1)
176.49 gain2 -62.29 to -5.00 (1)
148.33 yest_market 1.09 to 1.38 (23)
141.30 close-low 0.00 to 0.00 (4)
140.41 mov_ave20 -0.65 to -0.12 (1)
137.78 high-close 3.84 to 4.78 (23)
133.42 high-close 4.78 to 6.65 (24)
Losing Groups
-112.17 day_of_month 8.00 to 9.00 (7)
-98.52 day_of_month 18.00 to 19.00 (15)
-89.96 big_pslice -8748.42 to -1114.03 (1)
-72.79 yest_market -1.82 to -1.46 (2)
-72.39 yest_market 1.95 to 4.98 (25)
-68.94 slice47 -3.15 to -0.98 (1)
-67.34 vslice97 -0.00 to 0.01 (12)
-66.53 yest_market -0.82 to -0.71 (5)
-60.95 high-close -0.00 to 0.00 (2)
-60.18 mov_ave20 0.13 to 1.12 (25)
Date(ymd): 050201
Average Gain: 24.57
Group Stdev: 23.61
Market Focus: 4.6+1.9
(0.00278, 0.00595)
Market Focus5: 2.0+1.0
p=n=r=1, period = 30
Top Gaining Groups
173.72 high-close 4.25 to 76.66 (10)
150.09 move_ave5 -0.55 to -0.03 (1)
134.01 momentum -100.00 to -29.65 (1)
129.07 gain1 -60.21 to -2.95 (1)
111.63 prcvd_risk 5.66 to 187.47 (10)
106.48 day_of_month 28.00 to 31.00 (10)
105.54 mov_ave20 -0.65 to -0.07 (1)
95.22 recent_price 0.56 to 6.94 (1)
91.10 close-low 0.00 to 0.24 (2)
89.18 close-low -0.00 to 0.00 (1)
Losing Groups
-63.55 high-close -0.00 to 0.00 (1)
-57.09 day_of_month 7.00 to 10.00 (3)
-52.11 big_pslice -8748.42 to -597.21 (1)
-47.15 momentum 31.17 to 770.27 (10)
-42.32 move_ave5 0.03 to 0.35 (10)
-39.19 slice97 -5.85 to -0.85 (1)
-29.32 high-close 0.00 to 0.15 (2)
-22.72 mov_ave20 0.08 to 1.13 (10)
-22.10 move_ave5 0.02 to 0.03 (9)
-21.29 vslice97 -0.01 to 0.01 (5)
Date(ymd): 050201
Average Gain: 24.54
Group Stdev: 19.23
Market Focus: 3.5+2.3
(0.00000, 0.00000)
Market Focus5: 1.9+0.5
p=n=r=1, period = 30
Top Gaining Groups
115.38 high-close 2.78 to 76.66 (5)
98.49 move_ave5 -0.55 to -0.02 (1)
93.39 momentum -100.00 to -17.66 (1)
90.96 close-low -0.00 to 0.24 (1)
86.21 gain1 -60.21 to -1.67 (1)
80.07 mov_ave20 -0.65 to -0.04 (1)
73.49 recent_price 0.56 to 10.70 (1)
69.18 mov_ave100 -0.94 to -0.09 (1)
66.50 prcvd_risk 3.04 to 187.47 (5)
64.39 day_of_month 25.00 to 31.00 (5)
Losing Groups
-45.96 high-close -0.00 to 0.15 (1)
-36.89 day_of_month 7.00 to 13.00 (2)
-31.81 move_ave5 0.02 to 0.35 (5)
-15.71 momentum 16.50 to 770.27 (5)
-12.49 slice97 -5.85 to -0.51 (1)
-11.51 mov_ave20 0.05 to 1.13 (5)
-9.73 gain2 1.69 to 61.48 (5)
-8.01 big_pslice -8748.42 to -260.31 (1)
-6.92 yest_market -4.00 to -0.71 (1)
-5.21 close-low 2.83 to 65.80 (5)

 

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