Saturday, May 18, 2019

Weekly outlook May 20, 2019

Dow Jones Industrial  Average showed a mid cycle (40 weeks cycle) dip.  I had projected May 15 as a dip bottom.  Appears bottom was  May 13....

With the ups and downs as the 40 week cycle topped  hard to not lose money,  My only gains were some CDs paying interest and some dividends.  Stock gains were  mainly missing.

As stocks gain downside momentum looks like "sell in May and go away " may be good advice.  I have $150k in CDs and bonds  (bond funds).  Also about $200k in an IRA annuity.  Only about $20k in equities.  May trade a little around the edges June to August.

GL traders

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