The markets reacted positively after Trump's announcement this morning about scaling back China tariffs. 2,946 is his S&P target. If so, then "game on" to 3,100 in mid-September. A new 4-year cycle is under way. Market sentiment last Thursday revealed very high bearish attitudes that hadn't been seen since March 2018 and December 2018. He also looked at the put-call ratio, which saw elevated put levels, which means investors are scared that markets will go lower. The market is trying to form an intermediate low, and he feels the market will go higher. He's not defensive now. His longer-term bias as to the upside to 2021. Closing at 2,946 tells him we're off to the races.

A great chart that continues to make new all-time highs. He'd buy it here. There's more upside coming.

The Dow Index's direction He still likes it, a bellwether chart he looks at everyday. In 2015-16 and 2011-12 it was muddling, but when it breaks out it moves higher. He expects further upside into 2021.

From mid-2018 it's had a downtrend and the chart is still under pressure. Until this changes, this is dead money.

Long-term, we're in secular bull market, but a secular bear market for commodities. He does like copper, though, because the smart money has been buying it (for the past two weeks) and copper correlates well with China. So, anything to do with China has taken a sharp drop. Lately, the copper price is trying to form a tradeable low, but Trump's tweets can suddenly change things. This is a trade, not a long-term hold (though the smart money is long).

It's in a long-term downtrend with strong resistance at $30. If markets re-accelerate, sell it--once it bounces back to $30, it will resume its downtrend. More downside is coming.

Biotechs can be very volatile. 2016 to early-2018 saw an uptrend, then turned down to the present. Be cautious now. TH-T is waiting for FDA approvals of its drugs which could swing this up sharply.

(A Top Pick Jun 18/19, Down 9%) July to the present, energy got crushed globally. In early June it looked like they were bottoming. Oil is starting to recover, so he is now cautious.

(A Top Pick Jun 18/19, Down 3%) To his surprise, the energy sector (globally) pays the highest yield. The pipelines have held on quite well. He's waiting for energy to come back--rising tides rises all boats.

(A Top Pick Jun 18/19, Down 10%) In the last three months it rose, peaked and fell due to China trade noise. Now, it's building up to rise higher. $6.50 and then $6.80 are the next resistance levels, perhaps in the coming month. He needs copper to perform better in the next two weeks for him to feel more bullish on this space, which he's definitely watching.

The 10-year chart shows an uptrend from 2016-8, but has since fallen lower. He expects more US dollar strength that'll pressure RUS. Yes, RUS pays a strong dividend, but weigh it against a downtrend.

Owns only emerging markets, so should I buy North American stocks? Definitely broaden your horizons. He predicts a secular bull market to 2030. Looks at the U.S. for its financials and tech, and India, given the latter's big infotech component. ETFs like QQQ are good. A lot of EM are based in resources which can fall into long bear markets.

2018-early-2019 saw a good uptrend, then has seen a downtrend. But take a stab at current $11-12 levels. This is a trade, not a long-term hold.