SPX Sectors Trending well: Time to change position to 50:50 long short

The SPX Sectors are supporting the slightly bullish trending we saw in the major markets. I do not want to make too much of the first week trending. The SPX was up only +1.4% and we saw 2 down days and 2 up days. But I prefer orderly trending than choppy ones and hopefully we are moving towards one.

Here is the trending heat map for the SPX Sectors:

Mostly looking good with the Financials XLF as the best sector and Technology XLK as the worst as of now.

I am positioned 40:60 long short now which I will change to 50:50 next week. After that I will see how the market develops and keep adjusting my positioning.

The Volatility Index VIX has been very stable hovering between 20 - 22 for the most part in the last month. This is despite the feeling of choppy markets that we have experienced during this period.

It almost seems to me that the markets are tired of talking about inflation and interest rates. They want to move on. It may surprise us but market sentiment drives markets. And sentiment can change quickly.