Sell in May and Go Away 2010?
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According to Stock Traders' Almanac, APRIL is the last month of the “Best Six Months” for the Dow and S&P. April is the top performing Dow month since 1950 and third best for S&P.
"So use any strength and a corresponding MACD Seasonal Sell Signal to exit positions linked to these indices on or after the first of the month... 2010."
"Other “Bearish Indicators” to note:
Most market observers and participants have now moved into the bullish camp.
Also heard several boastful trading remarks from some of the folks.
The already overbought conditions and extreme bullishness of the sentiment indicators."
“Most of the good economic and corporate news are already baked into the market. When the talk on Main Street turns to bragging about stock market profits, its usually close to the end of a bull run.”
What do my Stock Market Time Clocks say?
March 31 2010 or April 1 2010 is a major turn date! Is that the reason why Straits Times Index got sold down hard today?
There are other major turn dates coming. Time will tell what is going to happen when the turn comes! I'm waiting to see it bottom. Hahaha!
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