Sell in May gets squeezed
The Jobs report yesterday took a lot of market skeptics by surprise. I think a lot of the action yesterday was the result of a big short squeeze. My scoring system indicates that the market has reached the pivotal range. The weekly charts are leading me to believe that we may see a couple more up weeks before a larger downtrend resumes. Good news out of Europe and the US will probably fuel more market gains.
GOOD LUCK NEXT WEEK!