3/28/2017

Cannot really argue with days like today:

SPY lift-off from MarP and D50MA (although heading into falling 10 and 20MAs, OK)
DIA same move as SPY
VTI & NYA recovery of MarP
QQQ 2017 leader didn't even touch MarP and back at highs!
IWM brining up the rear, under MarP, along with XLF

VIX back under all pivots; XIV jumped back above YR2; TLT back under all pivots as well.

Once in a while these can be fake-outs, but for now it is nearly all green lights for risk. 

Portfolio moves - 
Cover FXI hedge against EEM long, scratch or small gain depending on entry
This take portfolio up to 9 longs and no shorts for 90% net.

And now comes the trickier part. By pure momentum leaders the choice should be QQQ and INDA. I am just concerned about quarter end moves which would imply both of these doing well this week then hit next week (assuming some re-balacing out of tech and maybe INDA). 

I'll go with INDA because I think theme of global market out-performance continues, but admittedly don't like this buy point (seems like some chase). This is 10 longs or 100%. I'll also add an SPY for 110%, valid above MarP. 

SPY, INDA and VIX below.