In today's update, we're looking to focus on names and sectors that have shown relative strength as the market unleashed the most powerful V-shaped bottom we have seen in 35 years. The energy sector (XLE) has gotten hammered due to strength in the US dollar, which we anticipate should continue, so we want to avoid this industry as it has been relatively weak. Dollar strength does not bode well for oil and gold. Consumer related stocks, represented by the XLP, are helped by a strengthening dollar. We've been watching PG and KO in particular. After earnings KO took a breather, and we are still long our calls from a few weeks back. We are looking to exit this position and roll into something with less technical damage. BA is setting up well for a weekly squeeze, and put spreads should be a nice play. The TLT has held up despite a seemingly risk-on environment, and I like it for upside if the 118.22 lows hold.