This story was originally published here.
When it comes to investing, they say “the trend is your friend.” But despite other supportive allies propping up in today’s bull market, three price charts in particular are warning investors to direct their attention to another investing proverb. Sell stocks in May and go away.
There’s plenty of popular sayings and quotes on Wall Street. “Let your winners run” and “don’t fight the Fed” are two that should resonate with investors today. The fact is many of us have been happily riding a historically friendly bullish rally since the market abruptly finished its novel coronavirus-driven bear market in late March.
The problem with this sort of blanket advice, which sounds quite reasonable today, is there are also axioms for most every occasion. That makes for a ton of contradictions. And to simply turn a blind eye isn’t a good idea. The fact is other quieted truisms or infamous quotes such as “bulls, bears but not pigs make money,” or “sell when others are greedy” will reemerge as popular conversation points around socially distanced water coolers after taking profits becomes less lucrative advice to act on.
Despite those shortcomings, I’m asking investors to trust it’s not too late to sell stocks in May and go away. More aptly, it’s time to manage portfolio risk in stocks from Amazon (NASDAQ:AMZN) to Zoom Video (NASDAQ:ZM) and all those sandwiched in-between or inside two quesadillas like Chipotle (NYSE:CMG).
Let’s now look at three charts that support the observation that it’s time to reduce risk and sell stocks rather than come to the party late in today’s bull/bear cycle.
Editor's Note: To see all three signals, click here.
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