May was a volatile month for SPY with five swings of two percent or more, but the month ended slightly positive after a 3% upswing the last eight trading days. May is finished and now we head to June, which has a slightly negative seasonal bias. We will look at this seasonal pattern in today’s video and put the current 14 month advance into perspective. The yield spreads remain low and bullish, the Composite Breadth Model has been bullish for exactly a year and SPY remains in a tight rising channel. I will also weigh in on playing a breakout in IJR, choosing an ATR Trailing Stop in XLK, the 20% advance in PBW and the recent upswing in CARZ. Details and order of play are shown below: