About "That Sell In May" Idea

We've talked a lot in the past about market seasonality, most recently here.  Others are starting to give this serious print.  Here are some links.

Market Watch:  Why it Pays to Sell in May.

and this chart....

comes from a fellow named Dan Greenhaus at BTIG, LLC by way of an article over at Business Insider.com titled "The 'Sell in May' Investment Strategy Has Been a Huge Winner for Over a Decade.

By the way I can show you data that this strategy has basically worked for most of the past 30 years.

S&P 500 has hit a new all time intraday trading high as I'm typing this and has traced out a pattern almost identical to what we say last year.  If that pattern holds then stocks would be putting in a top somewhere around here.  Not saying that's going to happen, but it is something to be aware of.