Share This Article

Facebook LinkedIn
Twitter Reddit
Print Email
Pinterest Gmail
Yahoo
Money Morning
×
  • Invest
    • Best Stocks to Buy
    • Stock Forecasts
    • Stocks to Sell Now
    • Stock Market Predictions
    • Technology Stocks
    • Best REITs to Buy Now
    • IPO Stocks
    • Penny Stocks
    • Dividend Stocks
    • Cryptocurrencies
    • Cannabis Investing
    • Angel Investing
  • Trade
    • How to Trade Options
    • Best Trades to Make Now
    • Options Trading Strategies
    • Weekly Trade Recommendations
  • Retire
    • Income Investing Guide
    • Retirement Articles
  • More
    • Money Morning LIVE
    • Special Investing Reports
    • Our ELetters
    • Our Premium Services
    • Videos
    • Meet Our Experts
    • Profit Academy
Login My Member Benefits Archives Research Your Team About Us FAQ
  • Invest
    • Best Stocks to Buy
    • Stock Forecasts
    • Stocks to Sell Now
    • Stock Market Predictions
    • Technology Stocks
    • Best REITs to Buy Now
    • IPO Stocks
    • Penny Stocks
    • Dividend Stocks
    • Cryptocurrencies
    • Cannabis Investing
    • Angel Investing
    ×
  • Trade
    • How to Trade Options
    • Best Trades to Make Now
    • Options Trading Strategies
    • Weekly Trade Recommendations
    ×
  • Retire
    • Income Investing Guide
    • Retirement Articles
    ×
  • More
    • Money Morning LIVE
    • Special Investing Reports
    • Our ELetters
    • Our Premium Services
    • Videos
    • Meet Our Experts
    • Profit Academy
    ×
  • Subscribe
Enter stock ticker or keyword
×
5 Ways to Beat the Fed (and Crush Inflation)

Email this Article

Send with mail | ahoo instead.
Required Needs to be a valid email
Required Needs to be a valid email
Here's How to Beat the May "Market Blues" Right Now
https://mney.co/2HQTFll
Required Please enter the correct value.
Twitter
Stocks: BEAT, NOW

Here's How to Beat the May "Market Blues" Right Now

This expert insight from Tom Gentile originally ran in Power Profit Trades on May 3, 2018

Start the conversation

Comment on This Story Click here to cancel reply.

Or to contact Money Morning Customer Service, click here.

Your email address will not be published. Required fields are marked *

Some HTML is OK

Tom GentileTom Gentile

May is not known for being the kindest month to the markets.

And that sentiment is ringing true - as May 1 came and went ridden with volatility.

Now, there's a saying that has been passed down for years: "Sell in May and go away."

But the truth is, when you sit on the sidelines, you typically miss the biggest profit opportunities.

That's why today, I'm going to give you a new set of tools that will help you master your May trades.

Here's everything you need to know...

Video
 

While the May market may bring more uncertainty - by looking into stock market charts, you can learn and anticipate what may come your way. So you don't need to take a break from trading. In fact, it's quite the opposite.

Stunning: New Innovation Will Be Like "Adding Twin Turbos to the Bitcoin Engine" - and Could Send Its Price to $100,000. Learn More...

Now, here's what we got...

Support and Resistance Levels: This technique helps you identify the next big move - whether it be higher or lower. It uses consolidation, double bottoms, lower highs, and more to help guide you through uncertain markets.

Channels: I do a lot of channel analysis - but I do something different than the rest. I don't look at the highs and the lows together. Instead I factor in whatever noise is in the market with the current highs and lows.

Probability Cones: When looking at probability cones, you look at what the market has done in the past, looking into the implied volatility through the options and then creating a statistical cone of probability that you can use in the market going far. Probability cones use standard deviation and statistical probability to predict where the market will stay over an extended period of time. Now, they won't tell you when the markets will go up and down, but they can tell you where the market may be heading next.

Overall History: As I said earlier, history shows us that the month of May isn't very kind to the markets - and uncertainty is high. Uncertainty doesn't tell us whether the market will go higher or lower, but it does let us know that volatility isn't necessarily going anywhere anytime soon.

And remember, over the next few weeks, be cautious, set your stops, and tighten your profit targets as well, so you can take your profits the second you get them.

Don't get overwhelmed by any "May market blues" - stick to your strategy, trust your plan, and use the education you have in place to help you make the best decision for your portfolio.

Join the conversation. Click here to jump to comments…

Tom GentileTom Gentile

About the Author

Browse Tom's articles | View Tom's research services

Tom Gentile, options trading specialist for Money Map Press, is widely known as America's No. 1 Pattern Trader thanks to his nearly 30 years of experience spotting lucrative patterns in options trading. Tom has taught over 300,000 traders his option trading secrets in a variety of settings, including seminars and workshops. He's also a bestselling author of eight books and training courses.

… Read full bio

Login
guest
guest
0 Comments
Inline Feedbacks
View all comments
LIVE
Visit Money Morning Live


Latest News

January 19, 2023 • By Money Morning Stock Research Team

These Stocks Could Go To $0

January 9, 2023 • By Money Morning Stock Research Team

The Government Is Pouring $391 Billion Into These Stocks - Buy Now

December 27, 2022 • By Money Morning Staff Reports

6 IPOs in 2023 You Can’t Afford to Miss
Trending Stories
ABOUT MONEY MORNING

Money Morning gives you access to a team of market experts with more than 250 years of combined investing experience – for free. Our experts – who have appeared on FOXBusiness, CNBC, NPR, and BloombergTV – deliver daily investing tips and stock picks, provide analysis with actions to take, and answer your biggest market questions. Our goal is to help our millions of e-newsletter subscribers and Moneymorning.com visitors become smarter, more confident investors.

QUICK LINKS
About Us COVID-19 Announcements How Money Morning Works FAQs Contact Us Search Article Archive Forgot Username/Password Archives Profit Academy Research Your Team Videos Text Messaging Terms of Use
FREE NEWSLETTERS
Total Wealth Research Power Profit Trades Profit Takeover This Is VWAP Penny Hawk Trading Today Midday Momentum Pump Up the Close
PREMIUM SERVICES
Money Map Press Home Money Map Report Fast Fortune Club Weekly Cash Clock Night Trader Microcurrency Trader Hyperdrive Portfolio Rocket Wealth Initiative Extreme Profit Hunters Profit Revolution Warlock's World Penny Nation Quantum Data Profits Live Trading Alliance Trade The Close Inside Money Trader Expiration Trader Vega Burst Trader Flashpoint Trader Darknet Hyper Momentum Trader

© 2023 Money Morning All Rights Reserved. Protected by copyright of the United States and international treaties. Any reproduction, copying, or redistribution (electronic or otherwise, including the world wide web), of content from this webpage, in whole or in part, is strictly prohibited without the express written permission of Money Morning.

Address: 1125 N Charles St. | Baltimore, MD, 21201 | USA | Phone: 888.384.8339 | Disclaimer | Sitemap | Privacy Policy | Whitelist Us | Do Not Sell My Info

wpDiscuz