Bullish phase is intact at least in the U.S.
Just recently got a signal confirming that prevailing bullish phase is going to last for at least next 12 month. To provide some historical insight here is a chart for Dow Jones Industrial Average Index with marked market phases.
Bearish phases are marked with grey. Dating of the phases is based on proprietary macroeconomic model.
As you can see bull market which has begun in March 2009 proceeds further. Moreover, lately we have passed a major critical point and now sky is very clear.
At the same time there are some black spots within the stock market universe. Let's have a look at Greek stock index. Here we see that market is still in the Bearish phase started in October 2009.
As obvious and boring as it may seem. Long US - short Greece is my choice at this juncture of time.
In case you are interested, here is another model which helps me to follow economic developments economic-timer.com/usa
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.
Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.