To The Moon

The distress call "Mayday" originated in the early 1920s during the dawn of aviation. Frederick Stanley Mockford, a senior radio officer at Croydon Airport in London, was tasked with creating a clear and universally understood distress signal for pilots.

Recognizing that many flights travelled between Croydon and Le Bourget Airport in Paris, Mockford opted for a term with a French connection. "Mayday" is the phonetic equivalent of the French phrase "m'aider" which translates to "help me."

The term was quickly adopted due to its clarity and ease of pronunciation in emergency situations. Mayday was officially recognized as the international voice distress call in 1927, complementing the existing SOS Morse code signal.

The exact origins of "sell in May and go away" are unclear, but it's a well-known adage in the financial world. The theory behind it is that the stock market historically performs better in the six months between November and April, compared to May to October.

Some believe it dates back to old England when stockbrokers would take summer vacations in May and return in September.

looking at the pnf charts of $FTSE 100(.UKX.UK)$  $SPDR S&P 500 ETF Trust(SPY)$  , the stage looks set for a sell in may adage. ukx made a new high on hopes of ecb rate cut as inflation is dropping below ecb inflation target of 2%. with middle east tensions and Ukraine-Russia war disrupting peace, oil may once again hit above 90, some projected 100. ukx is the leading indicator of the us market. spy may not follow ukx's lead immediately but may follow after a few weeks or a year.

spy pnf shows it is on a downtrend though it rebounded upon good earnings from googl, msft, meta, etc. it might retrace to 476, it's previous high. there are many gaps to fill below. spy always fills gaps. 

$US2Y(US2Y.BOND)$ hovers around 5% range as inflation remains resilient. the recent weakness in gdp also caused concern about possible recession before inflation is below the 2% target. there is still about 1% to tame before inflation is under control. 

do apply automatic investment system where you add shares at each 10% drop or at support zones if you know technical analysis. this way you conserve your capital while the stock is strongly downtrending. do take profit at 10% intervals or at resistance zones if you know technical analysis. this way you have capital to buy the dip. only applies to stocks in an index or warren buffett would approve. bon courage.

merci beaucoup@TigerStars  @TigerWire  @koolgal  @Asphen