Despite being only 90% long, I was rather happy to have cut IWM hedge yesterday for a small gain (today +1.55%), taken gains on 1 of 3 XLF longs (today -.16%) and kept recent EEM long (+2.61%)! Not to mention other March long INDA soaring too.

Also keep in mind that the reason for 90% instead of 100% is a hedge - not a short which is a different perspective. The SPY hedge that remains is based off the YR1 / 1HR2 / Q1R2 cluster. I don't mind holding because I recommended it right off the highs and it won't cost much even if market goes higher.

To be honest, the $USD / DXY is how I thought stocks would move this year - weaker, and moving higher with struggle. So opinion was wrong, and my reluctance to be more leveraged has cost some gains. Q1 exposure has ranged from 70% long - 120% long, while in Q4 2016 was very comforable with max long at 150%. After February with GLD above its yearly pivot have limited to 100% long. In hindsight (which is always 20/20) that was too cautious.

Holding SPY hedge and 100% long, hard to find good buy setups today. No change to portfolio.

SPY, INDA and EEM below