The month of May has been a disaster for the bulls.
But, if history is any indicator of what is to come in these last four days of trading, we could be in store for a nice market bounce here.
October, November and December of last year all saw very hard bounces into the end of month, and considering the fact the stock market has yet to see any sustainable bounce at all this month, it makes sense for us to see a 1-2% bounce to close the month out.
There are a lot of quality bounce plays out there right now, and I have so many of them listed below, as well as pullbacks to key, rising trend-lines – not to mention the good ole’ fashion breakout play too.
I’ve added two positions so far this morning and looking to play the bounce in Discretionary and Technology at the moment.
Here’s the bullish watch-list for the shortened week.