Day Traders Diary

5/30/19

The major indices are little changed for the session after falling nearly 3% for the week. Bond yields are quiet today, but remain inverted causing concern among investors about a future recession. Chip stocks are rebounding a percent today, but still down over 15% for the week. The price of oil is down 3% as the energy sector is down 10% for the month. The major averages are down 5% for the month. It looks like Sell in May and go away is working.