Chart from the past shows this:
January began high, then dropped in February before going up again until April. It’s still too early to see the truth behind this myth, but I thought I’d just throw it in here and see where we stand:
Tall in January then it dropped til March and up from then on. Doesn’t quite follow the “sell in May then go away” strategy. Which probably means go the opposite way. But hey, it’s been a huge rally since March so if this were to hold true, it’s probably not solely because of that sell in May strategy, but because there’s just so much profit to be had for now. Take note though that traders/analysts are expecting this rally to go on until the summer, some even til the end of the year. So yet again, sell in May? Eh, maybe not.
Chart source: Bloomberg, Google Finance