I've already taken off a lot of stocks that have been doing well for me, or at least cut back on some positions. I've been going sideways for the past month as we're at crucial points in various markets, especially currencies, and I still think we'll see a decent pullback in stocks coming up. Maybe then the equity rally will continue through the summer on dollar weakness, and then perhaps a major leg downward in the Fall again.
I'd stay away from oil. Recession safe plays like Coke, McDonalds, Walmart still look okay. Take a look at the Ten-year note etf called TLT which might break out soon to the upside.