“Never buy a Friday high” (“Never sell a Friday low”)

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Above, a 1934 plaque from the Big Apple Night Club at West 135th Street and Seventh Avenue in Harlem. Discarded as trash in 2006. Now a Popeyes fast food restaurant on Google Maps.

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Above, Big Apple Corner at 54th Street and Broadway in Manhattan. Google Maps. Stolen and missing, 2021-2024.

Above, John J. Fitz Gerald, from the Aug. 15, 1931, Binghamton (NY) Press, pg. 14.

Listen to Robert Emmerich introduce "The Big Apple," a hit song from 1937. Music written by Bob and performed by Tommy Dorsey's Clambake Seven with Bob on piano. Lyrics written by Buddy Bernier and sung by Edythe Wright. Audio provided by Dorothy Emmerich.

Also listen to a 1937 "The Big Apple" song by Ozzie Nelson and his Orchestra. See a 1929 photo of John J. Fitz Gerald and a 1931 photo of John J. Fitz Gerald.

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Entry from September 08, 2015

“Never buy a Friday high” (“Never sell a Friday low”)

“Never buy a Friday high” and “Never sell a Friday low” are popular adages at DailyFX. The trends are often old news and reverse on Monday.

“Price & Time: Never Buy a Friday High?” was cited on DailyFX on March 8, 2013. “As @KKerrFX and others say..‘never buy a friday high’-in this case…dont sell a friday low” was cited on Twitter on July 17, 2013.

DailyFX
Price & Time: Never Buy a Friday High?
By Kristian Kerr, Sr. Currency Strategist
08 March 2013 17:25 GMT

Twitter
Jamie Saettele
‏@JamieSaettele
as @KKerrFX and others say..‘never buy a friday high’-in this case…dont sell a friday low
7:12 AM - 12 Jul 2013

Twitter
David Rodriguez
‏@DRodriguezFX
Dusting off some code for this oldie-but-goodie. Why we don’t buy a Friday high/sell a Friday low.
Embedded image permalink
10:04 AM - 21 Mar 2014

Twitter
Kristian Kerr
‏@KKerrFX
How does the saying go? Never buy a Friday high?
10:00 AM - 6 Oct 2014

Twitter
David Rodriguez
‏@DRodriguezFX
That ‘never buy a Friday high’ is of course a @JamieSaettele original. Here’s a key reason why it’s true:
Embedded image permalink
10:00 AM - 15 May 2015

Twitter
Alexander Ivanchev
‏@Alexander4796
Never buy a friday high and never sell a friday low
2:35 AM - 21 Aug 2015

DailyFX
Price & Time: GBP/USD Squeezes Higher - What Now?
By Kristian Kerr, Sr. Currency Strategist
08 September 2015 16:00 GMT
US traders have come back to their desks this morning after a three day weekend to find GBP/USD has retraced all of last week’s decline. Given where we closed on Friday (i.e. through various levels of support including the 50% retracement of March - June advance) the move is clearly perplexing to many. M&A flows have gotten the blame, but I chalk it up more to short-term cycles and the US bank holiday. There is an old saying in FX that goes “never buy a Friday high” (or sell a Friday low). This probably goes double for cable ahead of a three day weekend as if there is any “pain trade” to sniff out in thin conditions the interbank market will usually find it in sterling.

Posted by Barry Popik
New York City • Banking/Finance/Insurance • Tuesday, September 08, 2015 • Permalink

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