The Dow long term chart shows a broadening top megaphone pattern, we are near the top of this pattern and a triple top could be underway in the daily chart

Broadening top (courtesy yahoofinance.com)

Chart forDow Jones Industrial Average (^DJI)

Techs are underperforming the broader market:

Banks are underperforming:

Dollar has stubbornly held its recent lows:

Gold is breaking down:

The Vix has been basing for two years and getting ready to explode upwards:

All in all a case for the “Sell in May and go away”.

Rajveer, MBA

http://www.linkedin.com/pub/rajveer-rawlin/3/534/12a

Disclaimer: The above is a matter of opinion provided for general information purposes only and is not intended as investment advice. Information and analysis above are derived from sources and utilising methods believed to be reliable, but we cannot accept responsibility for any losses you may incur as a result of this analysis. Individuals should consult with their personal financial advisors.

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