45% long (half of this 45% are my long term value picks like GFA - so I will never go below 25% long in my portfolio)
20% short (Mainly FXP, which is acting like a total b*tch today...weak spike)
35% cash (we are stuck in a range on the SPY, IWM, and QQQQ's so I must wait for confirmation of the trend before I invest these funds), here's the game plan for my cash:
If we break $84.50 on the SPY ETF and hold below there for more than 30 minutes, I will move my cash into shorting this market (probably add more to FXP).
If you like the IWM more than the SPY than use $44 as your "Maginot" line of support for this market right now.
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