Hi Traders, the S&P500 lost 1.2% last week. April finished up by 0.3% and 2016 is in positive territory of 1.2%. However, the NASDAQ shows us a different picture: down by more than 5% for the year. So who should we believe? The S&P500 held up so far mainly due to the pullback of the oil and gold companies, but this is not likely to continue. The NASDAQ is down mainly to the weakness of the technology sector as seen in Apple and Google, and this is likely to continue. Therefore, looking ahead, I believe the NASDAQ will continue to decline and the S&P500 will follow to red territory. and remember the famous say: “Sell in May and go away.”

Thank you!

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