Per the latest Total market view from 12/17, "I think likely that Santa has already delivered and next move sideways or some drop." But if you are following my recommendations, you are getting extra presents via IWM hedge (stop level adjust to daily close above YR2 which did not occur, therefore still in) and especially the FXI short, the worst performing index this week!

Taking 1 of the 3 IWM hedges off here on the rising D20 and near pivot support, meaning portfolio now 70% net long up from 60% yesterday.

SPY, IWM and FXI below.