The JTS is covering its short position finally, but will not go long today. The CCI is offering up a fresh buy signal. This combo moves the JT Composite to a half-long/half-cash position using XIV. The VIX futures term structure remains barely in contango. If it flips, I would switch to using TNA for longs and VXX for shorts.
Personally, I don't trust this market right now and I'm keeping my long position on the small side... @ 25%. I'm often wrong, so don't listen to me! :)