Wow, 200 points up, SPY now up for the calendar year (since Jan 1)! If anything I would have bet on a 200 point down day or two during this time of May.
MCD didn't participate, and that is distressing. MCD has good chart support at 51. That list of stocks I was watching have all moved up without me loading up.
There are quite a few articles about "sell in May and go away" [until Halloween] floating around. Hard for me to see that working so easily and smoothly with so much publicity around it. Often times once a simple indicator such as seasonality gets widely published, it tends to stop working, sometimes the reverse trade becomes the new winner.
Long MCD, VMI
No comments:
Post a Comment