What a difference a day makes. Yesterday I thought the markets were hanging by a thread - but SPY Q2P held in convincing fashion. A lot of items in the bull column today:

+s
SPY & VTI liftoff from Q2Ps
DIA Q2P recovery
QQQ & IWM both above all pivots!

SMH above all pivots
EEM above all pivots
FXI Q2P recovery

XIV Q2P recovery
AGG YP / 1HP rejection
LQD 2 days above all pivots but today fade under 1HP
MUB YP / 1HP rejection

-s
SPY did not recover AprP
VIX still above Q2P and AprP
GLD still above all pivots

Hey, I'll take it. IWM USA small caps are especially interesting here, first time above all pivots since 3/21, a month ago. Tech and semiconductors both back above all pivots as AGG has faded. This is very bullish, and given daily RSIs and long term levels it is possible that some safe havens (AGG, LQD, MUB) just made a very key turn for the year.

Portfolio has been chopped a bit with plunge last week, recovery, weakness and recovery again but I'll go back to 100% here. IWM is no brainer, 2 units; also need to decently weight tech, so that's usually a choice of QQQ, SMH or XBI. But I'm going to throw a curve ball here and say KWEB, China tech. I first called attention to this ETF last December - and it has outperformed QQQ since then and dramatically so this year. More in a blog post soon.

SPY, IWM and KWEB below.