The U.S. stock market’s losing streak came to an end on Monday, November 7th, ending one of the worst streaks seen in the U.S. in over 30 years. After nine days of plummeting prices, the major indices saw huge gains, creating a sense of stability within the markets. The Dow Jones Industrial Average rose by 2.08 percent, or a total of more than 371 points. The S&P 500 rose by 2.22 percent. The NASDAQ, a tech heavy index, saw slightly better increases at 2.37 percent. This was even with one of its biggest components—Apple—only gaining 1.44 percent on the day.

One big reason that analysts are giving for the sudden improvement in stock prices is that the FBI had cleared Presidential candidate Hillary Clinton of any wrongdoing in the recent email controversy. With this, Secretary Clinton was expected to have the edge over Republican nominee Donald Trump. Although Trump’s experience is in the world of business, the financial world has come to the conclusion that Clinton will be the stronger representative for businesses. Whether or not this is true remains to be seen, but oftentimes public perception can sway markets just as much over the short time as hard facts do. For traders that had a long focus on stocks and indices on Monday, Clinton being cleared of any wrongdoing was powerful momentum for profits.

Even though the market rose by an astounding 2 percent on Monday, it was possible to make far more than this if your efforts were concentrated in the right spots. For example, a trader working in the binary options market taking out 25 call options of $100 each, and being right for 20 of them, would have risked $2,500, but gained $1,060, given a rate of return of 78 percent. That’s a profit rate of more than 40 percent—something that would have been very realistic on a fast moving day like the 7th. Not every day will be like this, but when a strong day full of easy to predict movement does occur, it is important that you take advantage of them. Just a few days like this per quarter can make up for a long string of bad days. In this case, this day made up for nine consecutive days of losses, erasing almost all of the decline in price that had been seen during this timeframe.

Moving into the last several weeks of the calendar year, it can be easy to assume that indices will keep moving upward in direction. After all, history seems to say that business picks up in the last bit of the year as holiday shopping boosts consumer spending, and that money inevitably flows into profits for the major corporations. However, it is also important to keep in mind what happened last year. Prices this year have been very similar to last year in that there have been substantial losses, followed by rebounds upward. Prices have been volatile across the board, and the market has moved sideways quite a bit. Moving into December, prices appear to be up, but the Federal Reserve still has a final rate decision to make for the year. This occurred last year, and when the Fed decided to raise rates, all of the profits of the year were erased, with most indices ending down for the year. Although the holiday season boost could occur, especially with the stability of the post-election time being upon us, year-end results will likely rely on what the Fed does, and this is completely independent of all of the election chaos that has been going on.

U.S. Indices Erase Losses