Are traders embracing the “Sell-In-May-Go-Away” theory, because the volume levels of the past week are starting to show as much. Today, which would have have been a perfect opportunity for the markets to rally strong, managed to rally over 1% but without any significant amount of buying power (i.e. volume). This is a concern for us going forward, and if the bulls are suddenly losing interest, as it appears to be, then the markets are headed for some significant head winds.
We are now looking at adding some new short positions to our portfolio so hurry up and register to get in on the action.
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Here’s the NASDAQ and S&P charts…
