Next week has a very positive seasonal bias.
Both the OTC and SPX have been up about 75% of the time with an average gain in excess of 1%.
Measured by the SPX since 1928 May has had the 3rd worst return of all months, up 56% of the time with an average return of -0.2%. The OTC has done a little better, up 55% of the time with an average return of +0.4% making May the 4th best month for the OTC.
SPX averages are skewed because the worst year for the SPX was 1931 when it was down 11.1% and OTC data begins in 1963.
Bradley high anyone?
Then comes May 9th and the Fed.
It's always somethin'
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