So I really do not want too much long exposure at this point. I prefer to be in cash. The risk of a nasty pullback is now much higher than it was a few weeks ago when every one was crying about double dip recession etc... . Many stocks are too extended at this point and many leaders are not acting like they are supposed to.
So by the day's end I anticipate that I will be in cash and into observation mode.
Defense, defense, defense!
Good luck and good trading!