Whew, I'll be glad to see April end. Will the old saying "Sell in May and go away" hold true? The S&P500 has bumped back above the 90% mark of stocks over their 50 day moving average. Yet, the insane market continues higher. This is rare even in a bull market. The punch drunk bulls are determined to hold this market up. Everyone knows nothing goes up forever and when the market turns several bulls will get a reality check.
Until then, tomorrow looks like it will probably be another flat dull day with some upside movement potential. If bulls do intend to sell in May a few of them might try to get out early causing a possible reversal late in the day. Then again, a crushing claims number may cause a few bulls to hit the exits early.





Comments
0 Response to 'End Of The Month'
Post a Comment