VRML Breaks Out. What to Do Now.
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We're already at Memorial Weekend! Is it just me getting older or is time actually speeding up? I suspect it's the former. Anyhow, here we are with the old adage, "sell in May and go away." While the major indexes continue to make a valiant effort to put in at least a short-term bottom, I wouldn't hold too much water to the move into the close today. We're likely going to have most traders unwinding their positions, long or short, doesn't matter as nobody will not want to be caught wrong when the markets open next Tuesday, so whatever happens into the close doesn't really mean anything to me.