This month is shaping up to be a strong negative month for the global equity markets. The S&P 500 is down a whopping 11.34% for the month and 3.9% on the year. The DOW is a little better-down only 9.58% for the month and 3.45% for the year.

Despite today’s late covering rally, the bigger picture indicates that we are down overall on the week and the month.

Here are the levels that if, and it is an if, the markets break, then the stock market bulls will throw in the towel.

Here are the key levels of support for the month of May for the major indices:

SP500 – 1044
DOW – 9,835
NASDAQ – 2,100

Let’s see how the markets act for the balance of the month. It will be interesting.

Every success,
Adam Hewison
President, INO.com
Co-creator, MarketClub

This past weekend I visited some friends in Texas. The reason I bring this up, is that these folks are very worldly and very smart. During my visit, the conversation naturally turned to the market and what is going on.

Here is what I took away with me when I left Texas: There are a lot of very nervous people in the market. I think this nervousness has been obvious in much of the market action, and it is not likely to go away anytime soon.

One of the great things about our “Trade Triangle” technology is that it both takes emotion out of the market and gives you a game plan to be successful. In this short video you will see exactly what I mean.

We’re always interested in your views and comments and encourage you to visit our blog to let us know what you think.

All the best,

Adam Hewison
President, INO.com
Co-creator, MarketClub