Monday, October 11, 2010

Is The Stock Market Open On Columbus Day?

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My friend I were hanging out this weekend and then he wondered is the stock market open on Columbus Day? The answer is yes. The holidays that it is closed are New Year's Day, Martin Luther King Day, Washington's Birthday/President's Day, Good Friday, Memorial Day, Independence Day, Labor Day, Thanksgiving and Christmas. This is where I found the current calendar for the NYSE. Market hours are from 9:30am - 4:00 pm daily.

While the market is open, even if it wasn't it's still a good time to further your stock market investing knowledge. I do this by re-reading How To Make Money in Stocks and by reading back issues of the Investor's Business Daily. Another good thing to do would be to watch the Daily Stock Analysis videos on IBD TV.


The other thing I like to do is to clean up my watch list and take the time to look for stocks approaching buy points. A good way to work on your skills is to read the IBD 100 and Weekly Review and look closely at the mini charts. A lot of times these charts have buy points listed. Reading these notes can help you figure out how to recognze bases as well as get better at finding pivot points.

I also take a look at my positions to look for signs of selling. This can come in a number of ways. One would be if the market turns into a correction. It could also show in the form of my stocks closing lower on higher volume (distribution) or closing higher on lower volume (stalling action). Start getting in the habit of looking at as many charts as you can. Charts are to you what an X-ray is to doctor. Use them to see how healthy your stocks are.

Another thing I think that's helpful to do is to review your investing checklists. Work to constantly fine tune them.

Well, since today's not a holiday, it's time to get moving.

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