Saturday, May 7, 2016

Outlook for week of May 9, 2016

The 20 week cycle should by now have strong downside momentum.  The 5 week cycle is also hard down.  Expect another down week for the week of May 9.  OLD SAYING:  "sell  in May and go away" may prove out.

GL traders


  1. Boy, given the lack of conviction in the down move over the last week, I think we might see all time new highs very soon!

  2. Nothing seems to be able to knock this market down, not crap job report, not bad news from China, not bad news from EMs nor Japan! Either the PPT is mandated to have every tick higher if at all possible until post election, or this market's got more juice and a goosing from the Fed is all its waiting for.

  3. Often seems that way, but just when you lose patience the market surprises.