When May Starts With A Rise

May has seen a rise on the 1st trading day of the month a high percentage of the time. But that start of May strength has not typically seen follow-through in the next few days. This can be seen in the results table below.

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Of the 18 instances that rose on the first day in May since 1987, 14 of them closed lower 4 days later. Traders may want to keep this in mind this week.


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