SPY (115.23) broke out just below 112. Only a few weeks ago I was bearish and short, so it just goes to show you that it is more important to be flexible and agnostic as to market direction - the market will show you what it is going to do. Not always, and certainly not with anything like 100% accuracy, but mindlessly following the trend is superior to trying to outguess the market based on what it has not done yet. If the market closes higher today, it will be the 10th straight session up and there is resistance in the 115 area, where the market was turned back in February - stay tuned. The last sell signal was about break even, getting you long about the same price it got you short.
Germany (EWG) seems to have formed a double bottom in February and has now triggered a buy signal just above 21. The short trade closed profitably (about 15%).
Malaysia (EWM) is really surging ahead, gapping up into relative new high territory. Note the ultimate highs were set at the end of 2007 at over 13, so it may have quite a ways to run.
Canada (EWC) is still riding high on its Olympic euphoria, and is also challenging its recent highs in the 27.6 area.
Russell 2000 Value iShares (IWN @ 63.41) are very strong, in new high territory, after a breakout and buy signal just below 60 on March 1.
Gold (GLD @ 108.61) is choppy and trendless but technically is in a buy state, although its settling back to below the midpoint of its 4-week range is not very bullish.
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