Off the Charts
The market kicked off May with a green close, but the outlook isn't as rosy as it felt at noon.
According to seasonal cycles, the strongest wave in the market is from November to April, while many say it is best to sell in May and go away. For now, trade the price action and we will see if that cliche transpires later in the month. In strong bull markets, an early rally in the day typically leads to a close on highs, not a fade lower into the close like we saw today (especially after a strong piece of data)....515 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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