May, or May Not, Day
As I contemplate today's action, the question on my mind is whether this is just a calendar play or a real buying spike that will gain momentum. The first day of a new month has a positive bias, but the first day of May has typically been a particularly strong day. We have been up on the first day of May 14 of the last 17 years, which is an impressive batting average.
But what is also interesting is that the old saying about selling in May has a very good record. May has been down five of the last six years. In both 2010 and 2011, May marked major turning points....170 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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