I am still mostly in cash. I'm watching SSYS, IRBT, TINY, TVIX for a re-accumulation. If things in Eurasia keep getting worse they are bound to sour the mood in world markets. Until the Fed unwinds ALL the hopium and begins to raise rates I don't think we will have a clear picture of things.
I am risking missing out on another run-up this year but the fear of the "smart money" trying to get ahead of the FED earlier than expected keeps me subdued.