Stocks - The Week After Memorial Day $$

Interesting article from Quantifiable Edges $$ that reviews market performance from the Tuesday after Memorial Day through the close on Friday. Since 1983, it's been a bullish week.

I was thinking, hmm... why? Well, when you think about it, the holiday occurs on the last monday of the month. We know that there tends to be a bullish bias in the last day or so of the month through the first few days of the new month due to payroll money being dollar-cost averaged into the market, as well as mutual fund managers buying winning stocks ahead of month-end reporting. (Thanks, Norm Fosback).

Meanwhile, stocks are close to their 50dma, and we could bounce up. We could also see some selling if the 50dma doesn't hold. We've also seen four consecutive weeks where the markets have closed lower. Although, last week we rallied late and it was very close. The market also appears to be in a trading range the past few months.

Cross currents, right?

I remain conservatively invested. Low beta stuff, some oil and some cash. I'm thinking about lightening up and raising cash soon. Really. Will I do it? I have a couple of days to think about it.
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Might head to Reno tomorrow. You can't believe the weather here. It's usually in the upper 80's this time of year. Today? 60's and cooling off, wind, rain, and snow up in the mountains. Otherwise, I might have gone to Reno today!

The funny thing about the picture, is that many of the casinos have shut down. Fitzgeralds, the Flamingo... gone! I think the California Indian Casinos are killing them!!!