Today’s modest 0.25% DJIA gain was sufficient to return DJIA to positive year-to-date performance. S&P 500 is currently up 1.82% year-to-date. Based upon historical performance in past midterm years, DJIA is currently slightly below average and S&P 500 is modestly above average. Although May started off poorly, DJIA and S&P 500 have been in rally mode for most of the month which is similar to the average performance recorded by past years ending in 8. If DJIA and S&P 500 are breaking away from typical midterm-year performance, the second half of May could be weaker than the first half followed by a stronger June.
As always, please use protective buy and sell stops when trading futures and options.
Disclaimer: Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. Any decision to purchase or sell as a result of the opinions expressed in the forum will be the full responsibility of the person(s) authorizing such transaction(s). BE ADVISED TO ALWAYS USE PROTECTIVE STOP LOSSES AND ALLOW FOR SLIPPAGE TO MANAGE YOUR TRADE(S) AS AN INVESTOR COULD LOSE ALL OR MORE THAN THEIR INITIAL INVESTMENT. PAST PERFORMANCE IS NOT INDICATIVE OF FUTURE RESULTS.