No sugar coating, I was just wrong to reduce and be underweight. Even though IWM, XLF and DIA were under Feb pivots, VIX was entirely below its monthly pivot and again has been right on the market.

All USA mains opened above all pivots and did not look back. The case for underweight was 2 of 5 USA mains below these levels, but buying back long meant paying up. Back in DIA and XLF for 100% but I just cannot bring myself to add leverage with VIX in 10s. Maybe I should though! Any doubt of Trump rally is seeming rather silly at this point.

A lot more coming up this weekend on the blog.

SPY, DIA and VIX Below.