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Sell in May and go away not working this year??


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#1 pdx5

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Posted 19 May 2020 - 10:48 AM

Usually we seldom get a 4% advance in markets in ONE day in month of May. My personal portfolio (hi yield mutual funds+energy etf's+real estate funds+ SP500 index funds+midcap index funds) hit a new high at close yesterday. I had zero SP500 & Midcaps in the portfolio before March, but in March when market dived, I did jump in with one foot. And because stock indexes are  still 15% or so below high's from February, the market should keep advancing another 5% or so. Just my opinions. I am NOT watching the sky, my neck still hurts and I do not have "My Pillow".


Edited by pdx5, 19 May 2020 - 10:51 AM.

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#2 Dex

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Posted 19 May 2020 - 11:12 AM

Usually we seldom get a 4% advance in markets in ONE day in month of May. My personal portfolio (hi yield mutual funds+energy etf's+real estate funds+ SP500 index funds+midcap index funds) hit a new high at close yesterday. I had zero SP500 & Midcaps in the portfolio before March, but in March when market dived, I did jump in with one foot. And because stock indexes are  still 15% or so below high's from February, the market should keep advancing another 5% or so. Just my opinions. I am NOT watching the sky, my neck still hurts and I do not have "My Pillow".

 

If you sold at the end of April as I did, it is the same as selling in May and going away.

 

The things I sold in April are really not even now near the end of April prices.  Things like CODI, XLE and REM

 


Edited by Dex, 19 May 2020 - 11:13 AM.

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#3 andr99

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Posted 19 May 2020 - 11:35 AM

sell in june will 


forever and only a V-E-N-E-T-K-E-N.....though partly langbardic


#4 tommyt

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Posted 19 May 2020 - 11:44 AM

Most of the "sell in May" decline probably happens in the mid Aug-Oct timeframe each year. Besides, its only May 15th? Geez.



#5 CLK

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Posted 19 May 2020 - 11:54 AM

No shorts will cover as huge as the short market is until 3000 is taken out and longs simply will not commit above 2970, thus a flat range market, would need to be very big news to take out 3000.