FYI: (Click On Article Title At Top Of Google Search)
The adage worked last year, but doesn’t have a great track record.
Regards,
Ted
https://www.google.com/#q=Sell+Stocks+in+May?+Tempting+but+Not+Very+Smart+wsjCXO Advisory May-Sept. Trading Calendars:
Trading Calendar – May
The following chart shows the average month-to-date percentage change in the S&P 500 index by trading day during May from 1990 through 2015. Day 0 represents the April close. It shows that the index during May tends to be modestly positive. We have not used data for trading day 22, because most Mays do not have 22 trading days. Also, sample size is only 17-26 for specific trading days, so these results are only mildly suggestive rather than predictive. For 1990-2015, 18 Mays have been winners and eight losers.
Trading Calendar – June
The following chart shows the average month-to-date percentage change in the S&P 500 index by trading day during June from 1990 through 2015. Day 0 represents the May close. It shows that the index during June tends to be about neutral, with a month-end dip. We have not used data for trading day 22, because many Junes do not have 22 trading days. Also, sample size is only 22-26 for specific trading days, so these results are only mildly suggestive rather than predictive. For 1990-2015, 13 Junes have been winners and 13 losers
Trading Calendar – July
The following chart shows the average month-to-date percentage change in the S&P 500 index by trading day during July from 1990 through 2015. Day 0 represents the June close. It shows that the index during July tends to be flat to positive, with the first half of the month stronger than the second half. We have not used data for trading day 22, because most Julys do not have 22 trading days. Also, sample size is only 20-26 for specific trading days, so these results are only mildly suggestive rather than predictive. For 1990-2015, 13 Julys have been winners and 13 losers.
Trading Calendar – August
The following chart shows the average month-to-date percentage change in the S&P 500 index by trading day during August from 1990 through 2015. Day 0 represents the July close. It shows that the index during August tends to be a little weak, with a weak first half not recovered in the second half. We have not used data for trading day 23, because most Augusts do not have 23 trading days. Also, sample size is only 18-26 for specific trading days, so these results are only mildly suggestive rather than predictive. For 1990-2015, 14 Augusts have been winners and 12 losers.
Trading Calendar – September
The following chart shows the average month-to-date percentage change in the S&P 500 index by trading day during September from 1990 through 2015. Day 0 represents the August close. We insert four dummy trading days after 9/10/01 with the same close as 9/10/01 to avoid calendar misalignment for the balance of the month. The index has typically drifted higher during the first half of September and then reversed to roughly no change during the second half of the month. We have not used data for trading day 21, because most Septembers do not have 21 trading days. Also, sample size is only 22-26 for specific trading days, so these results are only mildly suggestive rather than predictive. For 1990-2015, 14 Septembers have been winners and 12 losers.
