Trading Calendar – February

The following chart shows the average month-to-date percentage change in the S&P 500 Index by trading day during February from 1990 through 2011. Day 0 represents the January close. It shows that the index during February tends to be about neutral, with the first half of the month a little stronger than the second. We have not used data for trading day 20, because most Februarys do not have 20 trading days. Also, sample size is at most only 22 for specific trading days, so these results are only mildly suggestive rather than predictive. For 1990-2011, 13 Februarys have been winners and nine have been losers.

Return to the Trading Calendar to find other monthly profiles.