SELL IN MAY- A FALSE CALL

21 May 2016

I called for a sell of risky assets in May but obviously from what has happened so far, it is a false call. My global index is already 7.61% up in the month and is still calling for higher high in the coming week which is the last week of May. i trade with weekly timeframe which saved me from the big loss if i had followed my monthly trend. So the week ahead,investors is going to focus on Canadian interest rate which they are expected to do nothing. i am expecting rapid move in oil and cad dollar with stocks as well. usd might continue its rally up while gold is expected to go for lower low