As may be seen EEb has broken out.  While we are short the S&P and suspicious of all these breakouts you still have to take obvious trades.  The way to dap down risk is to divide your capital commitment to this — or any issue — into 3-7 tranches and just commit one unit to the initial trade, then add on if the trend proves true.  And then, of course, it goes without saying that  a stop is placed under the immediate low — about 3-5%.