So much for the old stock market adage, “Sell in May and go away.” The U.S. stock indexes this summer have made impressive rallies and have recently hit new highs for the year. The U.S. stock indexes are trending higher and there are no strong, early technical clues that market tops are close at hand. Don’t be surprised to see the stock indexes continue to creep up during August, but the going is likely to get tougher for the stock index bulls during the historically rocky months of September and October. Stay tuned! Jim Wyckoff