Market update is typically given for $SPX. Use $SPY to trade the market.
VST - Bullish
ST - Bearish
IT - Bearish
LT - Bullish
Emerging market's have been outperforming the US markets for the last 2 months now. Recommendation is to short the Qs and go long the EEM. Since September, this trade netted 10% +. I believe the same trade will continue to outperform in the very short term (VST = 3-5 days) and the short term (ST = 20 - 25 days).
I posted AAPL's outlook for the next few months last night, don't miss to read it.