Technical Weakness Is Spreading Through the Stock Market

Some investors were focused on reports the European Central Bank reportedly wants to stay in "wait and see mode" on stimulus amid a recent increase in pressure on Eurozone banks. You know, "Sell in May and go away." According to Jeff Hirsch of Almanac Trader, from April 1950 to October 2015, the S&P 500 gained 1,857 points in the months from November through April but only 203 points between May and October.