consolidation: sell in May and execution of "generals"
Ok... SP500 ...kind of knew that didnt we? "Sell in May and go away" came a bit early this year.... :)...on top of that we have the execution of the generals, the market leaders, AMZN, FB, NFLX, GOOGLE etc... they are lined up on the firing squad one by one... as their momentum finally meets reality...
Take AMZN for example: how much would you pay for a stand in the marketplace that sells say, hm, gadgets, and makes $15 a year? $15? $30? $100? $500 ... well AMZN makes that much a year per share, yet its shares were selling for $1600 each !!!!!! W O W !!! (momentum works miracles..:) :) ).
NFLX etc likewise with the only exception of FB perhaps that does make money but in different situations.
Now, we have earnings coming up for FB tomorrow, AMZN on Thursday, and Apple on May 1... we may turn the other way a bit but overall I dont expect much to happen until September...
When the tide goes up, it lifts all boats...when the tide goes down ...well.. it sinks all boats.. but the SP500 is not all frothy Amazons and Neflixes (yuck on both !!!)... but the big boys on the street know better.. so be patient, hopefully this is not how you make your living and wait for January to scoop your profits..things will be much better by then... all the best and happy trading/...
Take AMZN for example: how much would you pay for a stand in the marketplace that sells say, hm, gadgets, and makes $15 a year? $15? $30? $100? $500 ... well AMZN makes that much a year per share, yet its shares were selling for $1600 each !!!!!! W O W !!! (momentum works miracles..:) :) ).
NFLX etc likewise with the only exception of FB perhaps that does make money but in different situations.
Now, we have earnings coming up for FB tomorrow, AMZN on Thursday, and Apple on May 1... we may turn the other way a bit but overall I dont expect much to happen until September...
When the tide goes up, it lifts all boats...when the tide goes down ...well.. it sinks all boats.. but the SP500 is not all frothy Amazons and Neflixes (yuck on both !!!)... but the big boys on the street know better.. so be patient, hopefully this is not how you make your living and wait for January to scoop your profits..things will be much better by then... all the best and happy trading/...
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