If Google “sells Rosh” as I did, it is likely that I complete the rest of an investment market that says it goes back to 1955. “Sell Rosh Hashaná, buy Yom Kippur.” For those who are not familiar with history and a couple of nouns that I just used, here is a fast manual.
On September 23, 1955, the then US president Dwight Eisenhower, a hero of World War II, suffered a massive heart attack. The market was sold, concerned with the health of the 65 -year -old leader. He recovered, and even won the elections to a second term in 1956. But at that time, cardiac care was not what it is today, and thus alerted the rest of the world about the benefits of early diagnosis.
However, the stock market was naturally surprised by this, and the Dow Jones Industrial Avenge ($ Dowi) fell 6.5% on the next day of negotiation, September 26. It also happened on the most sacred day of the Hebrew calendar, Yom Kippur, a day of self -reflection and fasting.
The slogers of Wall Street and their usual ability to laugh at themselves in some way led to a theory that, to this day, is part of the investment culture. The saying “Sell Rosh Hashaná, Buy Yom Kippur” refers to the seasonal trend that the actions are sold at the beginning of the Jewish New Year, and begin to recover as Eisenhower did, just after Yom Kippur.
While there is any evidence that supports that commercial strategy, which has worked so far this year, it could be a correlation without causality. Or, one of the many self -complicated prophecies of which this industry tends to make a habit. Have you seen any article of “October market warning” lately? “Santa Claus Rally”, anyone?
Nothing of that story will make us money. What could? Explanation of good actions, those with technical configurations. And in the spirit of the Jewish holiday season, I used the analysis of quick and easy -to -be -tart actions with the following objective: to find the list of shares of companies based in Israel, a leader of global technology despite its small size, and execute graphics on them to see if any particularly timely look. The result: a list of surveillance of actions that could meet coinciding and after Yom Kippur.
That is a Yiddish expression defined freely as an inactive talk. In other words, we are going to do it. Since there are more shares based in Israel in the US stock exchanges. Uu. That almost any other country, I started my search by stopping the page of the constituents for the Ishares Msci Israel ETF (EIS). This 17 -year -old is more than $ 360 million in assets, and is one of the dozens of ETF in a single country.
As is the case with such ETFs that focus on smaller nations, there are several holdings that are not basic lrses of the US. Super fast and easy to do, even for a type with technology problems such as me (you can learn to evaluate stocks using observation lists here).
www.barachar.com
And while that produced a decent list of a few dozen actions, just in case, I combined that surveillance list with another long -term Israel background, the 12 -year -old Van ETF of Van Eck Israel (Isra). That led the surveillance list to more than 50 shares listed in the United States.
Now, technically, those who observe Yom Kippur next week will not be quoted during that day, despite the fact that the stock market is open in the US. UU., Where these actions operate. But this is more about finding good configurations on the lists, instead of making decisions based on the Hebrew calendar, Eisenhower heart problems, the lunar cycle or any other non -technical analysis.
Frankly, I did not find many, at least not between the market capitalization of $ 2 billion and the upper segment of the list. This is an emerging market, after all. And one largely depends on technological actions, many of which have already been significantly appreciated.
So, although my daily analysis of these actions based in Israel did not produce much in the moments of “AHA”, when I added some weekly graphics works to the project, I found some to offer here. These at least seem to be considerations as candidates to invent lost land, since their annual yields have been negative or at least two digits. And yes, everyone is related to technology.
www.barachar.com
Check Point Software (CHKP), one of the many digital security companies that were generated by the decades of innovation of their country of origin, first through the army and now in many aspects of the commercial world.
www.barachar.com
And here is Wix.com (Wix), another action that comes out of a strong fall. If you have ever created a website or meet someone who has done it, you can be familiar with your products.
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Finally, Cellebrite Di Ltd (CLBT) is the least known of the three, but has the most attractive table. That could be the result of its leadership in the emerging field of digital investigations, with applications to criminal cases, as well as internal investigations.
www.barachar.com
The tradition of “Sell Rosh Hashaná, Buy Yom Kippur” still has followers on Wall Street. But in this era of instant information, it is vulnerable to being less relevant, since the stock market is a discount mechanism.
The ability to process information in nanoseconds that used to take hours or days is ironically part of the success history of Israel of the past, and a potential reason why the expression of 70 years could have more mixed results in the future.
It turns out that the Hebrew word “Shalom”, which can be “hello” or “goodbye”, applies in any case.
On the date of publication, Rob Isbitts had no positions (directly or indirectly) in any of the values mentioned in this article. All information and data in this article are only for informative purposes. This article was originally published at Barchart.com
(Tagstotranslate) President Dwight Eisenhower (T) Rosh Hashaná (T) Yom Kippur (T) Securities Market (T) Israel (T) Barchart
