I don't make the rules, I just write them down. 2021 and 2022 were both break even for May. AI says: "The phrase is based on historical data showing the S&P 500's average returns are lower from May to October compared to November to April. For example, since 1950, the May-October period has averaged an underwhelming 1.8% gain, while the November-April period has seen an average gain of roughly 7%, according to Fidelity."
A whole lotta yous missed the bottom, no way it's a sell in May and go away. The 10 month SMA triggers at month's end if everything holds up. (Buy signal).
Cool, so there hasn't been a red May in 5 years. Just because it rhymed doesn't make the saying a real thing.
It's not what the market does in May, it is the subsequent months that matter. So if there hasn't been a red May, sell at the end of may. You miss the summer doldrums.
It's just because Sell in May and go away has a nice ring to it, but it's complete BS. So sell in June or July then? I still wouldn't ever sell in an unstoppable market, but that would make more sense when the thing almost never has a red day in May anyways.
So statistically we are due for one. By the way the thread is not about May. Even if May is positive, if you don't get out when the market is going into its mid-Aug to mid-October low, you don't get the advantage. I will retire this thread if the market won't be signifficantly lower between NOW and late September.
Then call it sell in June and go away. You won't because it doesn't have that cute rhyme. Anyways we still haven't had a single real red day in May. EVERY DAY IS GREEN. QQQ has 8 green candles in a row. Almost a 10% gain in May.