How I Used Barchart’s Stock Tools to Test a 70-Year-Old Wall Street Slogan

Core Insights - The phrase "sell Rosh Hashanah, buy Yom Kippur" reflects a historical trading strategy linked to market behavior around the Jewish New Year and Yom Kippur, suggesting a seasonal tendency for stocks to decline at the start of the Jewish New Year and recover afterward [4][5]. Group 1: Historical Context - On September 23, 1955, President Dwight Eisenhower suffered a heart attack, causing a significant market sell-off due to concerns over his health, with the Dow Jones Industrial Average dropping 6.5% the following trading day [2][3]. - The market reaction coincided with Yom Kippur, a day of self-reflection in the Jewish calendar, which has since contributed to the development of the trading adage [3]. Group 2: Current Market Analysis - The article suggests that while the "sell Rosh Hashanah, buy Yom Kippur" strategy has shown some evidence of effectiveness, it may be more of a correlation rather than a causative factor in stock performance [5]. - The focus is on identifying promising stocks, particularly those based in Israel, which is recognized as a global technology leader despite its small size, using stock analysis tools to create a watchlist of potential investments [5][6]. - The iShares MSCI Israel ETF (EIS), which has over $360 million in assets, is highlighted as a significant vehicle for investing in Israeli stocks listed on U.S. exchanges [6].