Sell in May or Go Away?

Interesting take on the "sell in May and go away" mantra in the morph366 blog.

If last year is to be taken as analogue, sell in May indeed - or even better, sell now to be on the safe side. 

There's no doubt this 880-ish resistance on the S&P 500 is proving quite difficult to break but as long as we're above the 20 and 50-day moving averages (as can be seen on the chart above), the intermediate-term trend is up. To be sure, the falling 200-day moving average, currently at 965,  is looming, reminding us the long-term trend is still down but trying to pick a top has always been a dicey and self-destructive occupation. 

So, to answer this post's nonsensical title, I would neither sell in May nor go away but I would definitely stay away from that sell button until proven wrong by the charts.