Sum
VIX and XIV giving benefit of doubt to stock bulls with VIX rejection of 1HP and subsequent drop back under all pivots on Friday. XIV huge drop from 1HR3, but also back above all pivots and YR2 on Friday reaches same conclusion.

Other safe havens - TLT, AGG and GLD - are not as clearly bullish for stocks. In fact, AGG back above all pivots and testing D200MA. GLD near D200MA as well. TLT above MayP with 2nd lift from Q2P this quarter.

Bottom line - benefit of doubt to bulls per VIX and XIV, but not highest confidence and it would not take much to turn the other way. Simply stated VIX needs to stay under Q2P and XIV above YR2 for safe havens to confirm risk on.

VIX
Cannot really argue with the drop from 1HP.
Daily chart fell back under Q2P as well. Below this gives benefit of doubt to stock bulls.

XIV
1HR3 rejection, but recovered YR2 on weekly close.
Perfect technical top on 5/16 with doji bar at long and medium term resistance with RSI at 70 but not above.
Above YR2 gives benefit of doubt to stock bulls.

TLT
Weekly chart still below YP and 1HP.
But daily above Q2P and MayP, MACD on a buy (5th cross this year) and starting to have upward sloping MAs (10, 50, 100) to help out.

AGG
Back above YP (so above all pivots!) and testing D200MA!

GLD
Another hold of long term support - 3rd this year.
Above YP, 1HP and Q2P, still below MayP. Rising MAs on daily chart are 10, 50, 100; falling 20 and 200. Mixed trend.

GDX
Continues to disappoint on the long side (this site hasn't recommended any official GDX positions). Despite GLD strength, GDX below 3 of 4 pivots and below a falling D200MA.