Over the past week my core measures of market strength whipsawed. The category went positive last week, then went back to negative yesterday. Another thing of note is that my core measures of stock market risk fell substantially. This indicates a foundational weakening in market action (as opposed to my market risk indicator which looks for fear in the market). The core portfolio allocations have changed to the following:

Volatility Hedged portfolio: 100% long (since 5/7/2018)

Long / Short Hedged portfolio: 70% long high beta stocks and 30% short the S&P 500 Index (or use an ETF like SH)

Long / Cash portfolio: 40% long and 60% cash