S&P short term cycle swings

[SyndicateTwo]

My problem with the July right now is that if you look at the seasonality chart, you clearly see it doesn't move until mid June. If you were to buy the Julys right now, you'd potentially lose a ton of time value. So, either just wait until June to buy them (which is what I might do) or at least get into a position now using the Oct (since they haven't posted the aug options yet).

AMGN's chart looks like it's ready to explode. It's bouncing off the bottom of it's lower end channel which is where it was at both the Nov and March lows. It's making a clear huge falling wedge and any day could just take off into the $50s. Look at the predictive seasonality chart for it and you'll see a small pullback is expected in early June. That could be from higher prices.

If the market starts pulling back more here, all these healthcare/biotech stocks are going to start to run because they are the defensive rotational sectors for summer. AET has a great seasonal trend starting in late May.