USA vs. World: USA Wins

1-Year Performance

• $VTI - Vanguard Total U.S. Stock Market Index ETF is up 13.72%
• $VEU - Vanguard FTSE All-World Ex-US Index ETF is up 3.34%
• $BND - Vanguard Total U.S. Bond Market Index ETF is up 3.82%
• $BNDX - Vanguard International Bond Mark Index ETF is up 6.76%

$SPY Ichimoku Cloud Analysis

Monthly Chart
$SPY remains in a long-term uptrend as all Ichimoku Cloud elements are properly aligned: Price curve is above Tenkan Sen (blue line); Tenkan Sen is above Kijun Sen (red line): Cloud is green. Flattening of Tenkan Sen reveals momentum is slowing.

Weekly Chart

$SPY weekly chart confirms that the medium-term is also bullish with Tenkan Sen (blue line) acting as support and Kijun Sen pointing upwards and rising.  Cloud is green and leading cloud spans which are shifted 26 days in the future are pointing upward.

Daily Chart
Daily chart reveals slight pullback, but with price remaining above the cloud which is bullish. Price bounced off Kijun Sen (red line) which provided support.




Conclusion
This may be an opportunity for investors to buy the dip.  Scale in.

S&P 500 P/E Ratio is almost 6% higher than the 200-day EMA which indicates the market may be stretched so Q1earnings are key

Dow P/E ratio has room to rise so the $DJIA may set a new high

Dow Transports are at the cusp of breaking through the Ichimoku Cloud

 The index has traded sideways since December as revealed by the flat cloud.  A break above the cloud with a change from red to green may signal a new trend.

Year-to-date performance of major index ETFs

$DIA $SPY $QQQ $IWM $BND

1-year performance of major index ETFs

$DIA $SPY $QQQ $IWM $BND

1-year performance of major indexes

$DJIA $SPX $COMPQ $RUT $UST

Year-to-date performance of major indexes

$DJIA $SPX $COMPQ $RUT $UST

Will $DJIA set a new record next week?

$QQQ - Cubes closes at an all-time high with support around $109

The Nasdaq sets a new high

S&P 500 sets a new record

Ichimoku Cloud issued a strong bullish signal on April 14.

Alert: Financials Sector ($XLF) issues bullish signal

Utilities Sector ($XLU) is trading sideways and should be avoided until resistance is broken

Support is around $44 with resistance around $46.

Consumer Discretionary Sector ($XLY) issues weak bearish signal

Health Care Sector ($XLV) issues weak bearish signal

Utilities Sector ($XLU) issues bearish signal

Consumer Staples Sector ($XLP) issued bullish signal on April 14

Technology Sector ($XLK) issues neutral bearish signal