If you force yourself to buy what is a relative leader, occasionally there is a nice surprise. I'm talking about the latest rec of INDA long from 3/3. Earlier in the year would have been better, sure, but when the real buy signal was given the portfolio was quite long already.

You win some, you (don't lose much, ideally) on some - like RSX which looked good for a few days then faded. But that was cut for a small gain and that left room for a rotation into strength which was INDA. Now INDA is an easy hold above the YR1.

Portfolio heading into today was 10 longs, 2 short hedges for 80% net. GLD is holding its YP but the bounce looks weak. VIX gave a very clear signal that is is OK to be fully bullish on stocks. Think it is OK to add a bit leverage on decent risk reward long above all pivots. Adding EEM, 1 unit; stop is daily close below the MarP for now.

SPY, INDA and VIX below.