Subject: Sell in June...
Speaking of Mungo MI ;-) the old "Sell in June" signal - NH/NL EMA5 to EMA17 positive or negative as of close June 5th - was definitely bearish, although not massively so.

My approach, I've decided to reduce my equity allocation by about 10% across the board (whatever asset classes are "above trend"), accordingly.

In the event I'm glad I waited beyond the traditional Seasonal Timing System, as April was a 3.3% month for the port.

FC