The safest play is to go cash right now. wait a month+ and then start looking for counter trends that may become good trends.
between now and the next 10 days, there will start a counter move in many markets. to last until late May. The silly bastards are screwing heavily today. The cycles are for stock highs and Euro currency lows later. But, I want to wait them out. The key to destroying "them" is to expend small energy and require large energy to inflect. Old lawyer trick. You know, ask for burdensome discovery that you have no intention of looking at...it is only to deplete the opposition's resources (which is illegal, but Judges are there to make sure maximum fees are extracted from the combatants by the attorneys). Your attorney, earning hourly fees, wants burdensome discovery as he makes more money to advise. The other attorney will bill his client for analyzing all that crap.
So, play lightly for the next 5-6 weeks. Then, bet good for a trend change.. This is all about machines.
Let the fat cats work. Their energy loss.
icd