'Sell in May, Go Away' May No Longer Apply, Say Traders

'Sell in May, Go Away' May No Longer Apply, Say Traders: "Now that the Dow has cracked 15,000, the argument for "sell in May" may be getting weaker.

"My next target is 15,200," said Paul LaRosa, technical strategist at Maxim Group. He said all key indices—the Dow, S&P 500, Nasdaq, Dow Transports, and Russell 2000—have hit new highs, confirming the bullish trend.

"It says it's healthy, and everyone's saying 'sell in May and go away.' It's not based on anything but seasonality and phrases. The signs point to: 'Any dip. you want to be buying,'" he said."

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