All USA main indexes back above all pivots today as IWM recovered its JanP, so that's bullish. But VIX and XIV look a bit more threatening.

Safe havens TLT and GLD dropped too as DXY held Q1P support. I'll be watching the GLD YP!

Tech is doing well in Q1 thus far and I'm not sure cutting XBI was right move. Regardless portfolio could have more tech so to add a bit going with 2016 sector leader SMH with a small add up to 90% long. It turned out a mistake to reduce last year, although trimming on other winners IWM and XLF would have been right. I think this shows the strength of SMH / semiconductors that it hasn't had much selling pressure despite the gains of 2016.

SPY, IWM, GLD and SMH below.