Here is the last weekly analysis. After the correction move, the intermediate term trend has been confirmed to be up now. The primary strategy is to buy dip.
Market Overview
Take a look at the hourly chart of VIX and the daily chart over the longer term. TED Spread hasn't change too much.
The following chart shows the MSCI World index, MSCI EAFE index, MSCI Emerging Market, Shanghai Stock Exchange Composite Index, Hang Seng Index, and Nikkei 225 index. Higher low, but no higher high yet.
Major indices, commodities, and US dollar are shown in the following chart. Commodities are very weak.
Sector overview chart: XLF and XLY are stronger.
Glance of major indices and bullish percent: up trend unchanged.
Focus
SPX: [left] wave c of 4 has started. The upside target is 1000+.
SKF: wait for a while before buying again.
Forex
USD/CAD: strong negative divergence. It should pull back substantially.
USD/SGD: no update.
USD/JPY: it has to bounce back up otherwise the stock market won't move higher.
Commodities
Gold (continuous adjusted): no update.
Crude oil (continuous adjusted): no update.
Matthew's charts
VIX long term chart: buy signal.
INDU - weekly long term: positive.
Dow daily TRIX: buy signal.
SPX LT Stochastics: might be wrong counting.
SPX daily TRIX: buy signal.
NASI 1 year: buy signal.
$CRX - Commoditiy Related Equity Index: oversold but no buy signal.
SSO system: buy.
SDS system: short.
A few P&F charts:
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