The Weekly Outlook - $DJIA $SPX $NDX Too Early for Sell in May?

Tweet *****Are we too early for sell in May, judging by the recent weather patterns, Spring is already here in California and Easter is early too, so ?

I also had my projection somewhat confirmed into the 15324 recently while watching a commentary were the 2007 high be adjusted for inflation, it would hover somewhere there. So we may not be as ahead of ourselves as we may think. Euphoria aside, we have to look at real figures not ones that make us feel good. .

Inflation or deflation if you think of it in dollar value terms, is a very real factor even when not admitted by the  pundits in government. Food costs rising or shall we say dollar deflating is a reality for most of us shoppers who actually buy our food instead of looking at someones figures. Utility costs have risen despite as some say cost of energy is down. Explain reasons and I'll listen; try to tell me it isn't so, and I will argue.

If you tell me that the market is foretelling the future of our economy, well again, inflation or deflation has to be accounted like it or not. Raise the minimum wage and we're just asking for more of the same.

Somewhere somehow perhaps someday, people will realize that raising wages only adds to the fuel and is designed by politicians to make workers feel good. The more money you have the more you spend and the more prices are driven higher. Also, in case you haven't guessed, the more a company has to pay the more it has to collect and more the prices are driven higher. So, the more you earn, the more you can spend and the more you feel good .. n'est pas?

Oh, but back to sell in May or now. It really comes down to judgement, as usual. How much more can this market rise and how much are you willing to give back if it does not keep inflating.  So, if your wish is to h to keep what you've got, why not take the summer off, early?



Happy Trading, Living and Dancing
Anni


The Daily Pick - $DJIA $SPX $NDX


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The Daily Outlook- $DJIA $SPX $NDX Here's the News

Tweet *****World reaction to the strength of US markets is currently on track for new high for Friday.  Even if economic figures don't come up to expectations, it has been recent experience that the market hesitates for a while, then shrugs off any negative news.  So judging by that kind of recent history Friday's figures would have to be catastrophic for the market to drop at all, let alone severely. Therefore we'll just keep shrugging as we look to higher views, as long as we can tolerate the news.



Happy Trading, Living and Dancing
Anni

 The Daily Outlook $DJIA $SPX $NDX

- ©DayTrading with Anni 2007 - 2013 All Rights Reserved

The Midweek Update - $DJIA $SPX $NDX Spring Breakout

Tweet *****More positive turns are showing on the charts but tests are not only needed, they are desired. Much depends on the sentiment of traders and maybe Spring being in the air here on the west coast helps; or just too much snow on the east coast has everyone wishing for a better outcome.



 The Outlook Update  $DJIA $SPX $NDX

 ©DayTrading with Anni 2007 - 2013 All Rights Reserved