Friday, April 27, 2012

Dow is approaching its recent peak

Despite widespread concerns that the stock market had peaked recently, the Dow has climbed from its recent mini-correction to within 37 points of the close on April 2, 2012 and within 70 points of its recent 52-week intra-day peak. So, a new near team high, which is the hallmark of a bull market, is within striking distance.
 
Unfortunately, we are also only a day away from the infamous "Sell in May and go away" trading zone, although there is not a hard, specific date range for that myth.
 
So, anything can and should be expected to happen in the market next week. Volatility could be interesting.

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