Just a quick market thought...
We go from 'sell everything' to 'buy everything' in a matter of days. I do not like getting caught up in this 'buy, buy, buy' or 'sell, sell, sell' mentality. (I just like utilizing it when I see it.)
Right now we are in the 'buy, buy, buy' mentality. Cramer even hyped up AAPL the other day for that very reason. (Don't get me wrong, I would like to thank him, as I am in the name, but its dangerous, especially when we are in such an inconsistent market.)
Many individual names are very overbought now, and regardless of the technicals, anytime I get the feeling of this 'buy, buy, buy' mentality I get uneasy. Especially when it is paired with a low and very oversold Vix.
I have limit order triggers on my long positions. I sightly increased my put protection. If limit orders get executed, great. If the market reaches 1140-1150, the orders should be executed, and I will effectively be short the market. (At that level, in the current mini-rally, we will be too overbought, for me to be interested in staying long many names.)