If you sell in May and go away you come back in September. But traditionally this is not a bullish sign.
As portfolio managers return from extended summer vacations they tend to sell the positions that have met goals and trim the positions that are underperforming.
September marks the beginning of the business year with many companies fiscal year beginning today.
But nothing has to happen … August is traditionally bad for stocks but the SPY rose about 3%.
Bitcoin continues to hover below $50,000. It still looks bullish to me.
OTC (on watch, no levels):
DPLS, NSAV, LCLP, LWLG, CUBV, EEENF