Several yearly resistance levels still in play on SPX set, Tech set, INDU and RUT - then add to that NYA 2015 high. We are seeing some RSI divergences on daily charts as well. Yet I could also say the market is acting like it will get through resistance levels at some point. Maybe there will be a stall or scare before that happens.

Positioning
I added a DIA long yesterday so that if hedges were taken out, portfolio would be back to 100% long (ie market weight). I don't know if that was correct - most people know trading is not a perfection game but a series of "mostly" right moves. In the past few weeks I have lost a bit on defensive strategies after 11/28 but have gained everywhere else, and reduced leverage right on highs and have done well with FXI shorts.

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

3 IWM Short hedges from 12/12 near open, stop is daily close above YR2
1 FXI short (from 12/12)
4 hedges / shorts = -40%

Net long 60%

SPY, SPX, NDX, INDU, RUT and NYA weekly all below.