Thursday 3 May 2012

Do we SELL in MAY and go away? Not really, judging from the opening these couple of days

Dear Friends,

We have always say that to know the direction of the month, we need to study the first week. Last week we mentioned that we are concerned of the Jobs report this month. Today ADP employment report came out. It is below expectation as predicted. That is the reason that Dow Jones is in the red by 21 points now. Not much, but still in red.

The big moment comes Friday, when the mother of all Reports, the Non farm payroll comes out. We do not expect a good number btw.

However, I must say, so far, May has been having a good opening. Yesterday Dow was up 60 points yesterday because of surprising good ISM report. In fact actual results beat expectations 54.8% to forecast of 53.3%, which is a very good figure.

Report of the ISM figure:

Will May be a SELL AWAY May????

I must say, after yesterday ISM, which blows away the estimate, I think this sell in MAY thing seems more like a story of the past. I wouldn't expect a selloff this month! At most, the trend is sideway. It won't fall a lot, not 500 points down for Dow Jones. Whether it be up depends on this Friday Jobs number. Keep a lookout on our coverage after the number.

If Jobs number is not that bad, maybe there is a chance that Dow will end in the green this month. Bcos, don't forget, we will be having the FACEBOOK IPO this month. Tech will be running before that IPO.

Sell in May and Go away? I must say, May is a month where you sell your stocks that have not run much, but buy those strong stocks that have strong earnings.

An example in US stocks that beats earnings and show strength will be Under Armour (UA) and American Express (AXP). These are the stocks that you can constantly play this quarter. I would be covering some Strong US stock tips soon in my next article. Keep a lookout!



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《美国股市的秘密 及 他如何影响新加坡股市》 

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