Last week
3 IWM, 1 DIA
3 XLF, 1 SMH
1 RSX, 1 QQQ
= 10 units or 100% long

3 IWM short hedges from 12/12, breakeven stop
2 FXI shorts from 12/12 & 12/14
= 5 hedges / shorts = -50% short

Net long 50%, total exposure 150%.

Adjustments per Daily comments
12/19 Take gains on RSX based on weekly chart
12/19 Take gains on 1 FXI
12/19 Changed stop on IWM hedge to daily close above YR2 (instead of breakeven)
12/20 Added DIA so that portfolio would be 100% long if hedges taken out
12/21 no change
12/22 covered 1 IWM hedge

Current
3 IWM, 2 DIA
3 XLF, 1 SMH, 1 QQQ
= 10 longs or 100% long

2 IWM short hedges from 12/12, stop is daily bar close above YR2
1 FXI short from 12/12, planning to hold
= 3 hedges/shorts or -30%

Portfolio at 70% net long.

It often is a good idea to have some room to maneuver at beginnings of quarters as new definitive moves often begin.