MV Weather Report: Will May Give Bears Their Day in the Sun?
{ Posted on Apr 30 2009 by Minyanville }
April showers bring May flowers... but this was the best-performing month we've seen in 9 years. Taken together March and April were the best 2 months since 1938 - great for the bulls but awful for the bears. That being said today’s action might give us an idea of where the month of May is heading. This morning the market spiked to a new high for this rally to S&P 888. However around lunchtime it strangely reversed and sold off closing unchanged on the day at S&P 872. The session had a range of 20 S&P points which is ...
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