The move in the market is nice, and info from JPM bodes well for the financials to help this market. (Hence my liking of AXP :)
Keep in mind, this is a probability game. No harm in taking some profits. If there is a market level to do it, its now at the light resistance at 1170-1175 SP500.
I took some (stress 'some') profits in AAPL. But I am not actively shorting this market. I will do that around 1200.
The 'still giddy' thesis is still in play.