It is good to be a bull these days with stock index leaders IWM and XLF back to highs after a very brief and very mild pullback, safe havens crumbling, and VIX collapsing with no signs of selling pressure.

IWM is still below YR2 but just by a bit.

Perhaps I will miss out on some gains but I cannot return to leveraged long with USA leaders outside monthly and weekly Bollinger bands and sentiment in a top zone. But probably I should be market weight here, which means to add on the long side. Adding 1 DIA above the 2HR1 which is slightly above the price where I took it off last week.

In spite of lower net long exposure though, IWM hedge will not cost much and FXI was right choice.

SPY, DIA, FXI below.