I do apologize for the cheesy title of this post. I can’t slang rhymes like Fetty Wap which is unfortunate. However, I do believe that the title of this post will serve you better than the old “Sell In May And Go Away” saying.
I think that staying engaged in the markets over the next few months could prove to lead to out sized gains provided we take positions in only the best setups. That is something I did not do well in April. After having huge success in Q1, I got into a sloppy pattern of involving myself in less than stellar setups. I doing so, it should come as no surprise that I had less than stellar results. Let’s try not to let that happen again, shall we?
May’s Mantra: Only get involved with the best setups, let the market come to us, and hang on to winners.
Here is your Mayday basket of stocks to keep an eye on as we set out in search of financial riches to start the new month:
This is a seasonality screen I put together using Exodus Market Intelligence, my premium stock screening tool of choice. The filters I have in place are stocks that have at least 4 years of data, which have returned at least 3 percent 100% of the time in the month of May over those 4 or more years.
I am particularly interested in AMBA and GOGO (watch for earnings this week) from the above.
