We had a very interesting April with steadily rising stocks setting new records. The expected mild weakness in the first days didn’t really materialise, but the stronger final 3 weeks panned out beautifully. A nearly 5% rise for the S&P 500 within a month is something you don’t see very often.
For May the LT wave continues like this:
Weakness in the first half of the month, which could last until around the 13th. Then a stronger week until the 22nd.
Some sharper decline could come in the final week, with the blue values dropping to unusually low levels in the days around the 28th. It will be interesting to see what comes out of that.
The usual caveats apply. Good luck.
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LT wave for May 2021
Posted by Danny on May 3, 2021
We had a very interesting April with steadily rising stocks setting new records. The expected mild weakness in the first days didn’t really materialise, but the stronger final 3 weeks panned out beautifully. A nearly 5% rise for the S&P 500 within a month is something you don’t see very often.
For May the LT wave continues like this:
Weakness in the first half of the month, which could last until around the 13th. Then a stronger week until the 22nd.
Some sharper decline could come in the final week, with the blue values dropping to unusually low levels in the days around the 28th. It will be interesting to see what comes out of that.
The usual caveats apply. Good luck.
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This entry was posted on May 3, 2021 at 1:45 pm and is filed under Market Commentary. Tagged: LT wave. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.