Somehow 4/21 post didn't make it to publish stage but no matter - no change to positions that day.
The Pivotal Perspective delivers again! The VIX 1HP rejection and multiple Q2P holds last week, in addition to EUR chart looking fine especially compared to DXY, gave me confidence to be fully long. Current portfolio already 100% in and the global indexes all did great with DXY down.
Now I think there is the case for some leverage:
VIX below all pivots
XIV above all pivots
TLT Q2R1 rejection, AGG YP/1HP rejection
(ps, GLD continues to lead among the safe havens and despite the % drop today the intraday rally mitigates the "look of rejection"; that said, high on Q2R1)
USA main stock indexes above all pivots across the board, including NYA. That's right, 5 for 5! Dow/DIA just barely but still.
A lot of other sector & global indexes above all pivots as well.
So what shall we chose?
Must be above all pivots; if not, then not leading
Don't like vehicles already outside monthly Bollinger bands - this may not be right, but nixes QQQ, XIV, EFA, INDA, KWEB
Don't want vehicles where daily RSI is already overbought or near overbought - again QQQ, EFA
Don't want vehicle to be too far from pivot already - EFA
Don't want vehicle to be running into pivot resistance and am somewhat leery of vehicle already at double top
So I'm just going to stick with SPY 2 units valid above the AprP. If the market comes back and tests that level with weak selling as safe havens continue to fade, I may add even more. I don't think this leg of rally will equal post election into 12/13/2016 highs, or 12/30/2016 low to 3/1 highs, but I'd be happy with a double top on SPY. From that view, risk reward is good for a leverage add.
SPY and VIX below.