June Trading

Just to reiterate the first 2-3 days of the trading month is usually upwards biased just as the last few days. Although that is not a very strong trend like the end of month and end of quarter it does play out most of the time.
June I think the market SHOULD pullback in preparation for the next earnings season. This week should be interested as the indexes all basically close friday at their respective resistance points.
The DOW has once again formed a triangle in the charts and I expect a break either way should give us a decent push in which direction it breaks. Numbers to watch on the upside is 12920 and on the downside 12500.
The old adage sell in May and go away might be in play and it must be noted June and July are the two hardest month to trade so I move than likely I might be trading less and using futures more that stocks and options.
Not much else to say more than watch the key sectors like tech and Agros for 10 am plays. I like BIDU short here but I dont need to let you know BIDU is one crazy stock!!!! so I will wait for confirmation before I head in that trade using options!!!!!! not stock on that play.