[Lplate]

[END OF MARCH 13] . . . that Europe and Germany are in a Stage 3, on the brink of a breakdown, that UK is a little better clinging to stage 2, that Asia ex-Japan is still in stage 2, probably held up by Japan holding still strongly in stage 2 . . .
For new fund investors, there are no apparent stage 2 breakouts, so the Weinstein bets seem to still be on the strong stage 2s for US and Japan.

[END OF APRIL 13] . . . looking at the regions again, Asia-excl Japan (EPP) has a continuation b/o and I have shown Australia's (EWA) b/o separately. http://tinyurl.com/bo8xzw2 UK (EWU) also shows a continuation b/o.
The charts show daily, but weekly are similar.

[END OF MAY 13] . . . Japan EWJ setback looks palatable to recatch sight of the 30-week MA,
but Australia EWA looks a breakdown of both support and of the 30-week MA, like Asia excluding Japan EPP.
Latin ILF and Bricks BKF are still sideways.
UK EWU and Europe FEZ have reversed a little at resistance, but still look OK,
but not as good as USA Russell IWF (nor Japan)
With only USA and Japan looking still in good weekly uptrends the global stockmarket strength is narrow.
UK and Europe will be the ones to watch for further retreat from the resistance level

I have changed this to 2-year graphs, to make the last few weeks clearer.
http://tinyurl.com/nhjuwqt
My last ipdate 5 weeks ago was following a big move downwards in mid May.
The regions looking weaker above, Japan, Europe and UK, Brics and Latin, indeed turned weaker, and so, with only USA IWM in stage 2, this year has been a "Sell in May" year.
This also suggests that any big weekly price move down, even when still in stage 2 or 3, means it is not enough to monitor just monthly but you need to monitor weekly at least.
Japan EWJ was in stage 2 just about, but is now in stage 3, though still holding above a rising 30 wk WMA.
Europe FEZ and UK EWU have now broken below a still rising 30 wk WMA, so holders should be selling. They are stage 3 at best and in a couple of weeks could be stage 4s. 2012 lows are approx 20% below here.
Brics BKL and Latin America ILF were sideways despite the big falls 6 weeks ago, but are now clearly stage 4s
Asia excl Japan EPP and Australia EWA proceed down in stage 4.

Looking over the regional charts again, http://tinyurl.com/nhjuwqt Europe and UK did indeed look like Sell in May but they both recovered, so these joined the US in a rising second half of 2013, and and Japan also continued up a bit more, though now has been in stage 3.(Japan's Stage 3 may prove to be a continuation.) The Brics BKF continued sideways, and Australia and Asia excl Japan both are in downtrends. Latin ILF is the clearest downtrend.
Weinstein analyis suggests to buying focus in US, Europe and UK. One pattern struck me though after looking at fund sector performances over the last 10 years: only Emerging Markets ever managed to produce 3 successive years of yearly gains. US, Europe and UK have now had two good years, so:
1 . a third year would be very unusual,
2. the uptrends may continue but be followed by a midyear fall,
3. keep an eye for a tunaround on recent sideways and downtrending regions.