20% hedged via RWM, 66% net long

I took a hedge via a 20% position on RWM, I am net long about 66%.

The GEX is still printing lower highs:

Quad 3 is (Energy stuff and commodities) in play, which is not bullish for the overall market:

+ T2108 (breadth) relative strength is not looking hot:

I am waiting for the Quads to turn + GEX and T2108 to settle at lower levels.

The strength is in mid caps to big caps right now (Russel 3000 stocks):

Bigger cap Nasdaq 100 growth names still are not too hot:

SP500 growth names in between:

My small cap systems show strength.

So, the argument is: are the biggest gains behind us? Yes, but only in the big cap indexes, I think this market will continue to broaden out. But right now, tactically I want to be less long.

All the best and best regards.

Andreas

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