Jump to content

Welcome to the new Traders Laboratory! Please bear with us as we finish the migration over the next few days. If you find any issues, want to leave feedback, get in touch with us, or offer suggestions please post to the Support forum here.

  • Welcome Guests

    Welcome. You are currently viewing the forum as a guest which does not give you access to all the great features at Traders Laboratory such as interacting with members, access to all forums, downloading attachments, and eligibility to win free giveaways. Registration is fast, simple and absolutely free. Create a FREE Traders Laboratory account here.

Tams

Sell in May, Go Away...

Recommended Posts

And what do you sell?l :D

 

I'd sell the S&P 500...My neighbor's auto mechanic said that's a bad stock. And trust me on this, my neighbor's auto mechanic knows the CEO of S&P 500 (whatever that company does), so I think he would know what he's talking about.

 

I mean that's just my friend's advice though...I wouldn't want to get in trouble for insider trading or anything. Because this guy is obviously an insider. And he's obviously had great success making trades based on info from his CEO acquaintance...being an auto mechanic and all.

Edited by diablo272

Share this post


Link to post
Share on other sites

Well, your neighbor's auto mechanic should know better ... The S&P 500 is a car racing company. It's like the Daytona 500, but held in Europe -- in Spain & Portugal, actually, so that's why its called S&P. Anyway, it is a good stock, especially if you like cars.

 

Here's a secret for trading: If you look in the parking lots, all the brokers and traders have nice cars. So, since they like cars, they buy new cars and stocks like the S&P 500 will be bullish. Since they like cars so much, they won't let something like the S&P 500 go down. Plus, its summer and that's when all the racing occurs, so car racing stocks are gonna do well in the summer - it's a seasonal effect.

 

See, it's pretty easy when you think about it -- I don't understand why people think trading is so hard. Just apply logic and buy what the brokers and traders like! So, I'd be buying the S&P company and looking to sell other things -- like maybe a ski company since it's May an all the snow has melted and nobody is going to be skiing ...

Share this post


Link to post
Share on other sites

... if you don't want to sell and go away...

 

 

the least you can do is

don't trade commodities this month... it is going to the dogs.

 

 

 

 

(k9)

Share this post


Link to post
Share on other sites

There was a lot about this topic last year, & some did well by doing the opposite in May '09

But whats the take this year ? Most charts are looking Toppy

 

Will Gold make new High ? this summer . .. ? ? ?

 

Why are the media gurus, pundits much quite on the seasonal topic . . . ....(so far )

 

Would much appreciate your views, charts, stats, article-links, etc

 

I am out of my swing longs yesterday; Will daytrade opportunities through the season

 

Short Article

Sell In May And Go Away - Again? | Daily Markets

 

Thanks Minoo

js redirect

Share this post


Link to post
Share on other sites

Man May was also a great time for me as well. I traded CL and TF for most of May with really nice results. Also did a little with the EC and NQ which also had great months. Shoot even my swing trading of stocks was profitable. So sell in may and go away was just a myth for me.

 

With everything going on over in Europe and even here in the U.S. I think this summer could actually be decent. We might not see extreme volatility but I don't think we will go into sideways chop on everything either. If you are worried about things slowing down just cut down on your size.

 

I am way overdue for a vacation as well. Too bad I'm just addicted to trading.

Share this post


Link to post
Share on other sites

I guess this year it might have worked since we declined through mid summer -- of course when to get back onboard is another question -- would have been quite difficult to know that heading into early August the market would rally like it has especially after a rocky first half of the summer.

 

The more things change, the more they.......sometimes? stay the same.

Share this post


Link to post
Share on other sites
I guess this year it might have worked since we declined through mid summer -- of course when to get back onboard is another question ....

 

just buy every time the market flips back above 200 MA.

Share this post


Link to post
Share on other sites

After I commented on 27April @ 4:42 AM in this thread 'Sell in May and Go Away'

 

I am out of my swing longs yesterday; Will daytrade opportunities through the season

 

I got in Plenty of Trouble in May with my firm, which obviously had some disclosure restrictions while one is contracted-out this includes your own Analysis. Nobody gave much notice to passive Blogging etc... Till one day in last May

 

I foolishly was updating the below threads of my endeavours in May

http://www.traderslaboratory.com/forums/2/charting-past-bears-4622-5.html

Refer to the comments & charts posted on 27th April @ 5:36AM (Thread number #47) till 7th May

 

 

No trouble with the markets as I very taken most of the action before I blogged;

But Oh boy! when my firm found out about the so called 'Timely-Updates' here on TL after the 6th May Eventfool trading; This butt got in plenty of Trouble.

 

Further to add insult to their ego, I had commented on 2nd May Sunday

So just playing it Nimble & Safe here with the anticipated volatility; Daytrading with a limited/reduced account

 

(I commented this before their very bullish weekly outlook Mon 3rd May)

Their perceived target was 1300, they thought it will get hit with momentum once market crosses above 1200 & retrace back than. The chief analyst, risk analyst, my manager went all Ape Mad after the Eventfool 6th May and someone pointed them to my comments

 

Its wise always to respect your said contract & meticulously go through it in the first place before you put your name on the .. . . .. line. The agent may say anything and to him it may be routine & sooner the deal is done he gets paid. Its only your and truly your butt on the line once you sign it.

 

In an Institute it doesnot matter how well you do, You do well accordingly. Otherwise you will bear brunt for being right not their way. In Market, even if you get it right you can still get your butt kicked.

 

Should have than taken the opportunity and left gladly; But whether it was (ego, uncertainty, fear or whatever) I chose to stay put; Soon to realise the foolish decision I made. When trouble comes it brews from all the four sides. Any way its recent-history now; Most important that I have me freedom back & learnt me lesson.

 

Market teaches you to be humble in all possible ways, its not that you have climb the mount Everest and can Stick your Pole up for the world to see. I believe one needs to be humble as well as discrete to gain and retain.

 

At times I often wonder if voluntary castration could be a remedy (one leg less of emotion)for traders to take when dealing with this lady (market)

 

Well you can laugh at my expense but dont repeat my mistake which we trader so often do.

 

 

Enjoy Minoo

 

Note: I still have not updated some threads since, will get round it soon. Busy setting up me trading shop

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.


  • Topics

  • Posts

    • Date: 9th May 2024.   Market Insights: The BOE’s Potential Dovish Pivot and Current Indications.     The Bank of England is in focus as the regulator will confirm their rate decision and how their future monetary policy path may look. The GBP trades sideways but the FTSE100 continues to trade higher. Economists are contemplating if the market is pricing a dovish tilt by the BOE. The Dow Jones was Wednesday’s best performing index, rising 0.48%. The DJIA’s best performing stock was Amgen which rose 2.33%. Federal Reserve members continue to apply further pressure on the market’s sentiment with more indications that inflation is too high. GBPUSD – Investors Focusing on A Potential Upcoming Dovish Pivot! The GBPUSD trades sideways and did not form a significant trend the day before. This morning the price trades slightly in favour of the US Dollar, however most institutions are waiting for confirmation from the Bank of England on monetary policy adjustment. The price movement will depend on the future guidance of the Governor and the Monetary Policy Committee’s votes.   The market is expecting the interest rate to remain at 5.25%. However, there’s anticipation that regulators may hint at upcoming monetary policy easing, potentially impacting the Pound. Analysts anticipate a shift to a “dovish” policy this year but differ on timing. Most foresee changes in June or August, possibly with two 25-point rate cuts. The price of the GBP will depend on when the BOE will indicate a rate cut is likely. If 1 or 2 members of the MPC vote for a cut and the Governor advises they are now considering a cut, then the GBP potentially could decline based on a June rate cut. Market participants are anticipating a dovish indication due to inflation declining for 3 consecutive months and declining to a 32-month low. In addition to this, the UK’s employment change has weakened for 2 consecutive months as has the UK GDP growth. Traders can see the market is pricing a dovish indication due to the GBP’s decline over the past 3 days as well as the bullish price movement seen on the FTSE100.   USA30 – When Will The Buy Signal Again Become Active? The Dow Jones was the best-performing US index as investors increased their exposure due to its connection with defensive stocks. 70% of the Dow Jones’ components rose in value and the best performing stocks were Amgen, Boeing and JP Morgan which all rose more than 2.00%. The next influential earnings report for the Dow will come from Home Depot next Tuesday morning. Investors are expecting a 23% rise in earnings compared to the previous quarter. In addition to this, analysts expect revenue to rise, and traders should note the company has beaten expectations over the past 4 reports. Home Depot stocks hold a weight within the Dow Jones of 5.78%.   The price of the index continues to trade above the 75-Bar EMA and above the “neutral” point on the RSI. These factors indicate buyers are controlling the market. However, this morning the price is retracing, therefore a buy signal will not be active unless the price rises above $39,091 which is the breakout level, or at least forms a bullish crossover (8-bar EMA & 18-bar SMA). Always trade with strict risk management. Your capital is the single most important aspect of your trading business. Please note that times displayed based on local time zone and are from time of writing this report. Click HERE to access the full HFM Economic calendar. Want to learn to trade and analyse the markets? Join our webinars and get analysis and trading ideas combined with better understanding on how markets work. Click HERE to register for FREE! Click HERE to READ more Market news. Michalis Efthymiou Market Analyst HFMarkets Disclaimer: This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in FX and CFDs products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distributed without our prior written permission.
    • WFC Wells Fargo stock, strong day, bull flag breakout watch above 61.57, https://stockconsultant.com/?WFC
    • $SSYS Stratasys stock, solid breakdown, from Stocks To Watch short, https://stockconsultant.com/?SSYS
    • holy war.  why do ppl hate jews? why do ppl hate muslims? (btw my answers aren't 'pretty', pc, or even respectful... better say why before i do   ... just sayin')     holy war...  is there really such a thang?  ... just sayin’
    • NFLX Netflix stock, nice move, hit target 1, https://stockconsultant.com/?NFLX
×
×
  • Create New...

Important Information

By using this site, you agree to our Terms of Use.