Thin-to-Win Powered Monday Gains

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Stock indices followed through on their rally Monday after last week's not-too-hot jobs report boosted hopes of an interest-rate cut this year. 

As of yesterday's 5207.75 high, the ES has rallied 171.75 points off this 5036.00 low (from last Thursday). That's a gain of 57.25 points per day. It amazes me how easy it is to flip the switch, but how long will it last? According to Jeff Hirsch from the Almanac Trader, his recent insights may hold a few clues: 

Typical May Up Early, Weak Middle, Strong Finish

“Over the last 21 years, the first three days of May have historically traded higher, and the S&P 500 has been up 18 of the last 26 first trading days of May. Bouts of weakness often appear around or on the fourth, sixth/seventh, and twelfth trading days of the month while the last four or five trading days have generally enjoyed respectable gains on average, but the last day of May has weakened noticeably with only NASDAQ gaining ground.”

That is only part of the article. For the full breakdown, check out the link above. 

I remember how Mays being like this. I also know June can be rough.