Today was pretty much a draw between the bulls and the bears. Looking at the SPX on the daily, I am expecting a pullback this week, so I added to my short hedge in the TZA at the end of the day.
I am not inclined to start any new longs until the SPX on the weekly gets closer to the 50 week moving average. I am at peace with the idea that I may miss the last few points of this rally before a correction of some significance comes.
I am holding some longs (about 25% of my portfolio) and letting them work with stops in place. Most of my portfolio is cash.