Monday, May 23, 2011

Empty Your Pockets With A Handshake And Smile

If you feel like a dog chasing its tail in gold, silver, even stocks, it’s time for a new strategy. Certain players will empty your pockets while you shake their hand in gratitude for 'good' information. You’re either a buyer or seller. Fence sitters make for easy targets.

Russell 2000 (IWM) and the Commercial (C) Less Nonreportable (NR) Traders COT Futures And Options Stochastic Weighted Average of Net Long As A % of Open Interest


SP 500 And Equity Diffusion Index (DI)


Sell in May and go away? Unfortunately, the game is not that simple.

Headline: Stocks: 'Sell in May' likely to continue

Investors have taken the old Wall Street adage of "Sell in May, then go away" to heart this year, and the stock market's slump is likely to persist during the last week of the month.

The Dow (INDU), S&P 500 (SPX) and the Nasdaq (COMP) have each lost more than 2% during the past three weeks, pressured by the latest round of economic and corporate news, which are suggesting that the economic recovery may be slowing.

355Print Last week, reports on housing starts and existing home sales came in weaker than expected, and regional manufacturing activity slowed to the lowest level since October.

Source: money.cnn.com

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