Stay away from emerging markets for now....
The market has been successfully digesting an extremely overbought condition in the best possible way, by trading sideway, and not going down. This is very encouraging....
High Yield bond spreads have been contracting. This is what you want to see in a bull market....
Small companies are showing positive signs of relative strength versus large companies for the first time in a while. I would watch them....
The market breadth suggests that we are due for a pause. Have patience, but be ready to deploy funds....
The markets are roaring, however a pause is overdue. Don't get too carried away with excitement. Use weakness to buy....
The market is approaching a very important resistance level of 4600. For the recent rally to sustain itself, we need to cross this level....
The US market is in an uptrend, whereas the Canadian market has been range bound for over a year....
Stocks continue to outperform bonds. The US is still the top performer....
After a stellar rebound over the last two weeks, I would not be surprised if the market takes a break here. Do not expect anything bad. Continue to put funds to work on pullbacks....