Stock Trader's Almanac 2006

by Jeffrey A. Hirsch and Yale Hirsch

Book Overview

This time-tested guide to stock trading, published every year since, 1968, is a practical investment tool with a wealth of information organized in a calendar format. You'll learn about little-known... This description may be from another edition of this product.

• Format: Hardcover
• Language: English
• ISBN: 0471709565
• ISBN13: 9780471709565
• Release Date: October 2005
• Publisher: John Wiley & Sons
• Length: 192 Pages
• Weight: 1.15 lbs.
• Dimensions: 1.2" x 6.8" x 9.4"

Customer Reviews

Anyone who doesn't learn from history is doomed to repeat it.

Great book and a wonderful resource. The almanac's insights will help a trader year over year with a solid set of recurring facts. Lots of little tid bits that have stuck with me for years now and I have made money on several of them.

Got to get one every year...

I really enjoy The Stock Trader's Almanac not just because it has some great market statistics but because it gives me ideas for new trading strategies and helps me refine some existing ones. My favorites strategies from the Almanac include the best 6 months strategy for the S & P 500 and the Best 8 days for each month. It is always handy to know when the next FOMC meeting is scheduled and the daily quotations are fun to read. If you are a savvy investor, it is another great tool for your arsenal.

Must Have

This book is great - I get the new one every year. It never disappoints.

Stock Trader Organizers!!

Outstanding book for staying organized and focused. Great for staying on top of the market day to day. Lots of interesting data on trading patterns, records, trends. Also, it uncanning how many times the book accurately predict bull/bear days. I know its a 50-50 shot but it certainly beats my average.

Superior Resource for Trade Ideas

As someone who maintains two free trading websites that attract a reasonable amount of traffic, I am regularly asked to review (read: promote) various trading services, software programs, books, and other products. The vast majority of these requests I decline. Almost everything I review is something that I have used or currently use myself and have found helpful to my own trading. In this review, I will bundle two related books: Stock Trader's Almanac 2006 by Yale and Jeffrey A. Hirsch and The Almanac Investor by Jeffrey A. Hirsch and J. Taylor Brown. Although there is inevitable overlap between these volumes, they meet different needs. I am a short-term trader by design-my holding periods average minutes, not days or weeks-so the information found in the Stock Trader's Almanac is most helpful to me as context. The Almanac is a spiral-bound book that is designed as a desktop companion for traders. Much of it consists of a calendar annotated with historical trading tendencies for that day, major holidays and market-moving events, and thought-provoking quotes. A typical notation in the calendar, for example, reads, "Week After Triple Witching Dow Up 11 of Last 14". Next to days that have significant historical directional tendencies, there is a picture of a bull or bear. That is the kind of context that is helpful to a short-term trader. Where the Almanac shines, however, is in its pattern-based research. Among the broader patterns described in the book are market tendencies following bullish and bearish Januaries; best performing months in the market; best performing days of the week; and best performing months of quarters. Such information is useful context to longer-term investors as well as traders. Literally dozens of seasonal patterns are detailed in the book. It's a true research accomplishment. This brings us to The Almanac Investor. It's a larger book, subtitled "Profit from Market History and Seasonal Trends". The first part of the book is organized month by month, reviewing the seasonal and historical patterns associated with that month's trading. As such, it is an organized review of the major findings of the Almanac. The next segment of The Almanac Investor is arranged by time frame and details trading patterns that range from half-hourly to weekly, monthly, annual, and beyond. A fascinating section revisits George Lindsay's "Three Peaks and a Domed House" pattern-something probably unknown to many newer traders who never experienced Lindsay's pioneering work. (For the record, his observations on "separating declines" and "middle sections" of moves might be more valuable than his more eye-catching peaks and dome pattern). The next section of the book is where it really shines. There is a detailed accounting of the seasonal patterns associated with various market sectors, using long-term historical data with sector indices to establish the tendencies. For instance, The Almanac Investor tells us that the banking