Working Better This Time of Year

As we head into May and the summer months of NHL playoffs and stock market volatility (though not as much in recent years), I am noticing that my shorts are beginning to work better and "by the book" more than my longs.

To observe an example, I covered half of my CMG short position earlier today inside Market Chess Subscription Services. And on the daily chart, below note the by-the-book "bear flag" consolidation, post-earnings gap lower, playing out lower. 

This type of price action, at least for now, stands in contrast to the many false breakdowns for which this bull market has developed a reputation. 

Headed into May, I am looking to see if this continues to be the case, where textbook bear flags and bear setups actually come to fruition. 

Incidentally, and rather ironically, the same thing is happening so far with bonds, as bearish patterns are suddenly playing out to the downside instead of immediately snapping back higher.