In addition to RSI (76.56), another useful timing tool is the Chande Trend Meter, which is currently entering nosebleed territory (90.78). The Chande moves slower than RSI, and only gets into the overbought 'danger zone' after an extended run up in the market. So having both RSI and Chande overbought carries more weight. That said, these indicators can stay stubbornly high for extended periods, especially when the market is recovering from a mega drop like we had in Mar / April.
Anyway, here's an allocation strategy that is evolving -
Core - 10% Flex - 10-15%
Core has 5% in individual LT stocks, and 5% in the S+P 500, to be held as LT buy / hold.
Flex is in the S+P 500, and can be traded.
So the minimum stock allocation would be 10%, and the max 25%.
The current Core individual stock list is found here (link below) -