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What Happened In May?

What did the QQQQ , XLF, and GDX do in May? Take a look.

Sell in May?

Seems to be a lot of controversy about "sell in May". One of the reasons given for the "rule" is that April tax payments pull money out of the economy and stocks feel the pinch. The thinking this year is that with tax collections down due to the rough economy, the effect on stocks may not be as great as years past . Last year if you sold in May, you did good.

Market Rally

The market rally as highlighted by a 3 month QQQQ chart.

Relative strength

Financials rule the day.