Should traders sell in July, and wave goodbye?

Stock markets plummeted last week. But if you want to know why, says John C Burford - you only have to look at the charts.

Stocks markets are front page news now and I shall cover them much more often in my Trader posts.

Remember the 'Sell in May, and go away' episode this year? Every year in May, pundits come out of the woodwork and wonder if this infamous advice should be followed by investors seeking to dodge stock market declines in the summer.

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John is is a British-born lapsed PhD physicist, who previously worked for Nasa on the Mars exploration team. He is a former commodity trading advisor with the US Commodities Futures Trading Commission, and worked in a boutique futures house in California in the 1980s.

 

He was a partner in one of the first futures newsletter advisory services, based in Washington DC, specialising in pork bellies and currencies. John is primarily a chart-reading trader, having cut his trading teeth in the days before PCs.

 

As well as his work in the financial world, he has launched, run and sold several 'real' businesses producing 'real' products.