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
Spoos sure look like they have one more push up (on the weekly chart) before they roll over. Mostly sideways. In the long view --months, quarters, and a few years---maybe a stab at 1400 in the near term and then a rollover to 1200 or lower.

For now I would think 1350 for options expiration. We did drop as predicted at the beginning of the month then sideways. That was good for 40 points. I am NOT LONG but out for now. I am looking at Dean Foods and a few other beaten down defensive stocks for individual plays and have been long the Euro for the small bounce retrace.

Happy Friday and a good weekend to all. Peace out.....
 
Quote from shortie:

i stay by my suspicion that tax dollars are hard at work trying to erase Osama top. PPT! PPT! PPT!
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Osama top is still intact after 3 weeks. This is totally embarrassing for PPT. Could be the sign of PPT running out of money.
 
XLF, XLE, QQQ, SPY all had dark filled candle today. Looks like we are at a major (in)decision point. Nobody wants to show their cards before Expr?
 
Quote from shortie:

XLF, XLE, QQQ, SPY all had dark filled candle today. Looks like we are at a major (in)decision point. Nobody wants to show their cards before Expr?
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Looks like a selloff till close.
 
hilarious: SPY -0.6%, VIX +8%

why is the fear so much out of whack? did the option folks price in an end of the world this Sat (has to be a small-scale end of world)?
 
Quote from noddyboy:

Expiration?
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i have seen many Exprs: usually VIX is down on Expr (excessively).

It would be good if the experts on VIX could chime it here.

Notice that VIX June Fut trades 17.9 while the spot 17.1. This seems too close, somebody must be wrong here (spot vs. Future)
 
Weekly looking weakly. Close was lackluster. Would expect more weakness going forward unless we get a bounce from the lows of last week.
 
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