My indicators remain positive, but I am cautious and mainly in cash in my trading accounts.
Month: May 2011
All indicators positive but leaders are weak–sell in May?
While all of my indicators remain positive, my group of nine high priced leaders has been weak. Only 4 of them remain within 5% of their 52 week highs. Four are around 10% or more below their yearly highs (CMG, BIDU, GOOG, FFIV). Some of the speculative commodities are also weakening. I am more cautious when the leaders are weak. I remain largely in cash in my trading account. Will “sell in May and go away” work this year?