Zulauf: Natural resources and emerging markets are the places to be for the rest of this rally. The market probably has 10% upside from here. Once the S&P 500 crosses 1200, move to the sell side, more or less. I like exchange-traded funds. In natural resources, I like the Oil Service Holdrs Trust, or OIH, and the SPDR S&P Metals and MiningTrust, or XME. In emerging markets, I like the iShares MSCI Emerging Markets Index [EEM], iShares MSCI Hong Kong Index [EWH], iShares MSCI Singapore Index [EWS] and iShares MSCI Taiwan Index [EWT]. Brazil and Canada also are good buys, because of their natural-resources base. The iShares MSCI Brazil Index [EWZ] tracks Brazil, and the iShares MSCI Canada Index [EWC] is a good bet on Canada. I wouldn't buy these ETFs for the remaining 5% or 10% upside to the current rally, but investors who own them can ride them out until the S&P crosses 1200. These are products and markets to buy again after the correction. I expect a high in the spring and a low in the fall.

Zulauf: Natural resources and emerging markets are the places to be for the rest of this rally. The market probably has 10% upside from here. Once the S&P 500 crosses 1200, move to the sell side, more or less. I like exchange-traded funds. In natural resources, I like the Oil Service Holdrs Trust, or OIH, and the SPDR S&P Metals and MiningTrust, or XME. In emerging markets, I like the iShares MSCI Emerging Markets Index [EEM], iShares MSCI Hong Kong Index [EWH], iShares MSCI Singapore Index [EWS] and iShares MSCI Taiwan Index [EWT]. Brazil and Canada also are good buys, because of their natural-resources base. The iShares MSCI Brazil Index [EWZ] tracks Brazil, and the iShares MSCI Canada Index [EWC] is a good bet on Canada. I wouldn't buy these ETFs for the remaining 5% or 10% upside to the current rally, but investors who own them can ride them out until the S&P crosses 1200. These are products and markets to buy again after the correction. I expect a high in the spring and a low in the fall.

Zulauf: Natural resources and emerging markets are the places to be for the rest of this rally. The market probably has 10% upside from here. Once the S&P 500 crosses 1200, move to the sell side, more or less. I like exchange-traded funds. In natural resources, I like the Oil Service Holdrs Trust, or OIH, and the SPDR S&P Metals and MiningTrust, or XME. In emerging markets, I like the iShares MSCI Emerging Markets Index [EEM], iShares MSCI Hong Kong Index [EWH], iShares MSCI Singapore Index [EWS] and iShares MSCI Taiwan Index [EWT]. Brazil and Canada also are good buys, because of their natural-resources base. The iShares MSCI Brazil Index [EWZ] tracks Brazil, and the iShares MSCI Canada Index [EWC] is a good bet on Canada. I wouldn't buy these ETFs for the remaining 5% or 10% upside to the current rally, but investors who own them can ride them out until the S&P crosses 1200. These are products and markets to buy again after the correction. I expect a high in the spring and a low in the fall.

Zulauf: Natural resources and emerging markets are the places to be for the rest of this rally. The market probably has 10% upside from here. Once the S&P 500 crosses 1200, move to the sell side, more or less. I like exchange-traded funds. In natural resources, I like the Oil Service Holdrs Trust, or OIH, and the SPDR S&P Metals and MiningTrust, or XME. In emerging markets, I like the iShares MSCI Emerging Markets Index [EEM], iShares MSCI Hong Kong Index [EWH], iShares MSCI Singapore Index [EWS] and iShares MSCI Taiwan Index [EWT]. Brazil and Canada also are good buys, because of their natural-resources base. The iShares MSCI Brazil Index [EWZ] tracks Brazil, and the iShares MSCI Canada Index [EWC] is a good bet on Canada. I wouldn't buy these ETFs for the remaining 5% or 10% upside to the current rally, but investors who own them can ride them out until the S&P crosses 1200. These are products and markets to buy again after the correction. I expect a high in the spring and a low in the fall.

Zulauf: Natural resources and emerging markets are the places to be for the rest of this rally. The market probably has 10% upside from here. Once the S&P 500 crosses 1200, move to the sell side, more or less. I like exchange-traded funds. In natural resources, I like the Oil Service Holdrs Trust, or OIH, and the SPDR S&P Metals and MiningTrust, or XME. In emerging markets, I like the iShares MSCI Emerging Markets Index [EEM], iShares MSCI Hong Kong Index [EWH], iShares MSCI Singapore Index [EWS] and iShares MSCI Taiwan Index [EWT]. Brazil and Canada also are good buys, because of their natural-resources base. The iShares MSCI Brazil Index [EWZ] tracks Brazil, and the iShares MSCI Canada Index [EWC] is a good bet on Canada. I wouldn't buy these ETFs for the remaining 5% or 10% upside to the current rally, but investors who own them can ride them out until the S&P crosses 1200. These are products and markets to buy again after the correction. I expect a high in the spring and a low in the fall.

Zulauf: Natural resources and emerging markets are the places to be for the rest of this rally. The market probably has 10% upside from here. Once the S&P 500 crosses 1200, move to the sell side, more or less. I like exchange-traded funds. In natural resources, I like the Oil Service Holdrs Trust, or OIH, and the SPDR S&P Metals and MiningTrust, or XME. In emerging markets, I like the iShares MSCI Emerging Markets Index [EEM], iShares MSCI Hong Kong Index [EWH], iShares MSCI Singapore Index [EWS] and iShares MSCI Taiwan Index [EWT]. Brazil and Canada also are good buys, because of their natural-resources base. The iShares MSCI Brazil Index [EWZ] tracks Brazil, and the iShares MSCI Canada Index [EWC] is a good bet on Canada. I wouldn't buy these ETFs for the remaining 5% or 10% upside to the current rally, but investors who own them can ride them out until the S&P crosses 1200. These are products and markets to buy again after the correction. I expect a high in the spring and a low in the fall.

Zulauf: Natural resources and emerging markets are the places to be for the rest of this rally. The market probably has 10% upside from here. Once the S&P 500 crosses 1200, move to the sell side, more or less. I like exchange-traded funds. In natural resources, I like the Oil Service Holdrs Trust, or OIH, and the SPDR S&P Metals and MiningTrust, or XME. In emerging markets, I like the iShares MSCI Emerging Markets Index [EEM], iShares MSCI Hong Kong Index [EWH], iShares MSCI Singapore Index [EWS] and iShares MSCI Taiwan Index [EWT]. Brazil and Canada also are good buys, because of their natural-resources base. The iShares MSCI Brazil Index [EWZ] tracks Brazil, and the iShares MSCI Canada Index [EWC] is a good bet on Canada. I wouldn't buy these ETFs for the remaining 5% or 10% upside to the current rally, but investors who own them can ride them out until the S&P crosses 1200. These are products and markets to buy again after the correction. I expect a high in the spring and a low in the fall.

Zulauf: Natural resources and emerging markets are the places to be for the rest of this rally. The market probably has 10% upside from here. Once the S&P 500 crosses 1200, move to the sell side, more or less. I like exchange-traded funds. In natural resources, I like the Oil Service Holdrs Trust, or OIH, and the SPDR S&P Metals and MiningTrust, or XME. In emerging markets, I like the iShares MSCI Emerging Markets Index [EEM], iShares MSCI Hong Kong Index [EWH], iShares MSCI Singapore Index [EWS] and iShares MSCI Taiwan Index [EWT]. Brazil and Canada also are good buys, because of their natural-resources base. The iShares MSCI Brazil Index [EWZ] tracks Brazil, and the iShares MSCI Canada Index [EWC] is a good bet on Canada. I wouldn't buy these ETFs for the remaining 5% or 10% upside to the current rally, but investors who own them can ride them out until the S&P crosses 1200. These are products and markets to buy again after the correction. I expect a high in the spring and a low in the fall.