"Typically, we have a huge tailwind in December from buyback action," http://www.businessinsider.com/goldman-on-buybacks-and-market-volatility-2015-12
Trade in the here and now -- and basically ignore everything else...because everything else is just noise and content and filler and talk. When I first started trading I thought I had to read everything -- now, I basically don't read (financial) news sites. Most of that stuff is just long term/investor theoretical charts and graphs and a whole bunch of yadda yadda yadda. Trading is a different art/craft/skill set. slay that DOW dragon daily chart
I still wonder if it a wise strategy to listen to those "old advices", like "sell in may and go away". If you look at the records they are often verified, but who knows for tomorrow ?
Instead, focus on how buybacks are being executed to buoy share prices for C Level compensation, despite companies sinking into the toilet.
%%%%%%%%%%%%%%%%%%%% Well, sure listen to them; not blindly follow them.JAN tends to be bullish; big problem for the bulls. is this bull market is real, real mature . BAC, C..... are in 10 year downtrends: they dont have to go down, even though 10 year downtrend can be a real bear,LOL. especially since SPY is UP =10 year chart ...................................