The Stock Trader's Almanac issued a seasonal buy signal for equities, saying investors who sold in May can start to come back to the market now as the calendar nears what are historically the best six months of the year.
The same is true of the S & P 500 .
In the best six months, the S & P 500 gained 3,019 points, while rising 1,133 points in the worst six.
"And beginning on the first trading day of April we prepare to exit these seasonal positions as soon as the market falters."
The 30-stock Dow Jones Industrial Average rose above the 43,000 milestone on Monday, while the S & P 500 recently crossed the 5,800 level for the first time.
Organizations:
Dow Jones, Dow Jones Industrial
Locations:
Cambodia