Poll: Sell in May 2011?

Sell in May 2011 and Go Fishing?

  • LONG

    Votes: 32 34.8%

  • FLAT

    Votes: 25 27.2%

  • SHORT

    Votes: 35 38.0%
  • Total voters
    92
Quote from shortie:

NoDoji, speaking of new highs: what about the Silver bullions?
More...

I see that. Shall we buy now? :)

What do you trade, anyway? You shouldn't be looking at AMZN unless you're willing to buy new highs :D
 
Quote from NoDoji:

I see that. Shall we buy now? :)

What do you trade, anyway? You shouldn't be looking at AMZN unless you're willing to buy new highs :D
More...

AMZN came to mind as an illustration of the bull strength possibly relevant to the general market.

i am always looking for great swing trading ideas, preferentially 'sure things'. but please don't ask me to buy the new highs :)
 
Not this May. As long as interest rates are zero the market will move higher and higher. You have to wonder if the bull market is a factor of inflation or organic growth.
 
The value of the USD has little to do with it. It's the Corporations ability to finance their projects at historically low rates that's creating some of the growth. The are many variables at work here and low interest rates is just one of them. Until the market gives a signal to the contrary...surf's up!

Quote from shortie:

since Aug the market +30%, $USD -13% - not everything can be blamed on the weak USD
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since Aug:
SPY +30%

while
DBA +34%
USO +50%
SLV +160%

at some point the commodities must slow down SPY, maybe they already have. in 2008 the commodities kept pushing higher even as SPY started to move lower. will the history repeat itself?
 
LONG 10 52.63%
FLAT 5 26.32%
SHORT 4 21.05%
Total: 19 votes 100%

it is good to see there are bulls around. i hope this means we will manage to close that SPY 131 gap.

:)
 
1st of the month has been incredibly strong in the last 2 years: +1% on average. the pattern did fail in March and April.

http://quantifiableedges.blogspot.com/2011/02/recent-1st-day-of-month-has-been.html
2011-02-01+2.png
 
Great research shortie. Those results are pretty amazing.

It's important to remember that we are in a first presidential term. Which means 1 October 1 2010 to to 30 March 2011 should be the best performing months of the presidential cycle. Almost bordering on free money as the government pump primes the economy to try and secure a second term.

It's really sad that the government can be so financially irresponsible, yet so wonderful that their actions are so transparent.

Runningbear
 
this market is turning into crap at an accelerating rate. the volume is very low. USD is turning into toilet paper. VIX is at 4 year low and is dropping even faster than the dollar.

unless tradingjournals manages to turn the dollar around the market is doomed to go higher.
 
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