So what is in the Month of May ? A Long pending Discussion without a logical answer has its share of Gossip doing rounds in the Past & Its Likely to survive in the future also..
Arguments : Few people think its a Myth , Few term it as Fiction , Few have the ability to distinguish & there are very few set of Traders who Makes Profits from all these Mess.
Different Opinions Makes Market - So lets not take it Hard or do a time cracking digg on the chapter rather lets focus and make some profit out of the wreck.
Trend Trader's have been Continuously identifying the May Trading Pattern Successfully from past 4 years and put forth the strategy for traders & Investors to seize the Opportunity & Make use of it.
In the previous year that is 2012 There were lot of Discussions & Arguments going on and we could hear in the Street by the Newbies , self proclaimed Guru's , contrary theorists arguing that 2 times in the past SELL IN MAY & GO AWAY strategy has been worked so this time people are aware of it & it wouldn't happen this time in 05 - 2012 ; But in vein markets did follow the go away set up - conspiracy theorists - techies - self proclaimed guru's were just Left as Mute Spectators from the Bear Party.
So what is in Store for MAY - 2013 ? Will the Sell Off Trigger or would it turn out to be a Terrible advice ?
Here Once again i would like to remind that
"The pendulum of emotion tends to
swing too far in one direction, but market mood always reverts to the
mean"
Obvious to Reality : When prices Needs to rise whatever the Fundamentals or Technicals are Markets take it as positive - Even the Negative news will be Snubbed by markets and takes it as positive & Vice Versa
The technical
condition of SP500 - the stock market does not support the excessive optimism of the bullish majority of stock investors and
traders. Fed and ECB plans to buy bonds in unlimited
quantities do not
guarantee that stock prices will continue to rise.
Typically, Each & Every Action is
followed by Equal & Opposite Reaction , and so a downside correction seems overdue In WORLD INDICES
Talking Commodities I would advice traders - Choosing
safety over risk still appears to be the most reasonable approach for
conservative traders and investors.Its better to STAY AWAY than sticking to excessive short positions as three- forth - 3/4th of the correction is already completed in commodities like gold - silver.
MultiBagger Trading Idea for month of May
Sell $SPX or S&P500 Between 1612 - 1642 for positional target 1512 - 1456 - 1392 with stops above 1677
No comments:
Post a Comment