It's! The! Final! Countdown! - Did dah dah, dah dah dah - It's The Final Countdown . . .27 May 2021 22:49
. . . on Friday!
It's the last trading day of May.
And I want my modest close to the month of May; thus locking the plan into overdrive leading up to the big money-shot in July through to August.
(I expect June to be a washout)
- But tsk! I've got Stoodio and the computers on my back to contend with for June.
Things are looking good for a continuance on Friday, but I think the SP progress might travel no further than 128/129 - at best, if that.
And should it start on the 130's tomorrow - Well! My jaw will start to drop. Let's not go there in May; it's a trap.
Here's why Friday WILL have additional help in being a positive day (refer back to the little 27th to June 6th quiz)
- Did you know along with all the Sell In May etc., stock market sayings - there's a stock market urban myth of:
The trading day BEFORE a Bank Holiday is ALWAYS bullish and the first trading day back AFTER the Bank Holiday is always bullish too?
2 points:
1)
Only it's not an urban myth. Check FTSE out this Friday and next Tuesday (SLP too :)
The reason it will work this month, is that every month, the period of the 27th to the 6th of every following month is usually, mostly, but not always, bullish too!
So it's a double whammy this time.
2)
(Again check it out from - today until 6th June) Not every single day will be positive, but overall, the prices on the 6th are often as not, temporarily higher than those on the prior 27th)
Look. it's like Tinkerbell - if you don't believe, it's not gonna happen is it?
Even the kids at the annual pantomime know that!
60 years of data was researched to find if it's possible or not, to time the market and it was discovered that there are 4 periods of varying length in every month, where 2 are bearish and 2 are bullish. In practice 3 of them can be quite weak and often they perform no better than random
- but one is head and shoulders above the other three periods - every month.
Wanna place a short spreadbet on FTSE for this weekend/next week? You'll lose the lot :)
(But unlikely to, if instead you go long).
Err upon reflection, don't take that as an invite. (Must put some small print in somewhere about past performance blah blah blah).
So my expectations of a modest gain for May comes under direct threat tomorrow (Thank goodness it's the last tradable day of May!
Which means Stoodio (Sssh, don't tell him) will get suckered into seeing a bullish start into the first week into June
- yes agreed, but I say wait until the 7th onwards :)
So, a positive day tomorrow, with no sign of the bullishness in SLP abating for a couple of days - but held up by a long weekend, before continuance.
This weekend the two urban myths collide and combine - it's a Bank Holiday and it's the 27th to the 6th period!