Saturday, May 30, 2009

"Sell in May and go away?"

Well that didn't work for May. In the last 10 minutes of trading in the last trading day of May, the market across the board really accelearted into the closing.

The market pulled back to only rally back up. One the rallies, it pulled back. It was mostly a range bound for the past two weeks. 

I'm short deltas, which so far isn't working. Lets see if the market will pull back in June. The markets have gone up for the past three months.

I have IBM, APPL, RUT, and USO positions. Most of the positions are short.


2 comments:

Mark Wolfinger said...

I data point does not debunk anything.

You know that.

Regards,

Webmaster said...

You're right.