Bryan Bottarelli, Head Trade Tactician, Monument Traders Alliance If you feel like the market could be running out of steam, you're not alone... Over the past few weeks, the markets have quickly turned towards a more bearish sentiment - especially as we head into May - which has historically been one of the worst market months of the year. It sure feels like the "Sell in May and Go Away" mentality starting early this year. Case in point... Last week, the S&P 500 and the Nasdaq lost -3.05% and -5.52%, respectively. The Nasdaq lost -2% on Friday alone, led down by Nvidia's -10% drop. Although the Dow ended last week flat, it sure feels like the time to start taking a more defensive approach to the markets. How can you accomplish that? |
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