again, be aware that the risk of a downside move from around current levels is elevated right now. just because the risk is increased does not mean the market must drop, only that the odds of a significant pullback are currently much higher than usual right now. among other things, i have posted various charts showing that we are at or near fibonacci time windows (see recent posts), we are also at extreme sentiment levels as measured by various metrics such as bull/bear ratios, short interest, put/call ratios, the VIX, etc… (i’ll try to put up some of these charts). all those factors coupled with the daily charts of nearly all the key indexes having pushed up to key resistance levels (recent posts), makes for a very solid case to, at the very least, tighten up stops on existing long positions and/or to begin scaling into some short positions for either a hedge to your longs or as a pure play on shorting the market (for more aggressive traders). there are plenty of recently triggered and un-triggered short trade ideas currently on the site. as always, DYODD and trade according to your own risk tolerance and market opinion. if you are unsure of whether to be long or short, there is nothing wrong with being in cash or hedging your portfolio to a market neutral stance.