Wednesday, May 1, 2013

Hello May, how I have missed you!

Well almost as if on cue, the month of May came roaring in like a Lion. I thought that was a March thing? Hmm, fairy tales maybe. What was not a fairy tale was the fact that we took one on the chin today. International took the smallest hit followed by the S&P and then the Small Cap. I think it funny how some traders work and for that matter, the high frequency trading computers. Fundementally if you based everything on what I heard today, good housing numbers and lot's of earning reports meeting or beating, we should have been up. But it's May, so let's just do what we think every thinks we should do.

If you're constantly talking about the negative, breath it, eat it, dwell on it, then whatever that bad thing is your thinking about is going to come true. Me, I lean to the positive and I believe that if I do my homework, look for the critical sometimes harsh critic, that if I keep working hard, I will dig myself out of most situations and I will be rewarded with whatever I want to do. There is nothing I cannot do if I want really want it.

So, when I hear all this news about May on the internet and Tv, it is almost like a self fullfilling prophecy. Meh! I have my stop loss points, so bring it on.

  Current Price12/31/124/30/13Last FridayYTDMonthlyWeekly
S&P500$1,582.70$1,426.19$1,597.50$1,582.2410.97%-0.93%0.03%
Small Cap$816.06$732.89$830.76$819.6311.35%-1.77%-0.44%
European$61.57$56.86$61.94$61.088.28%-0.60%0.80%
Nasdaq$3,299.12$3,019.51$3,328.79$3,279.269.26%-0.89%0.61%
DOW 30$14,700.95$13,104.14$14,839.41$14,712.5512.19%-0.93%-0.08%
Bonds$111.39$111.08$111.54$111.490.28%-0.13%-0.09%

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