On your Free People's side, it seems your Frodo is all alone. 1
Bounder, 1
Sting, 1
O Elbereth! Gilthoniel!, and no cancels mean that Frodo gets to a strength of 7 (has to be tripled) max, and even that is unlikely because you have to draw 3 cards out of 68. And, without a
Hobbit Stealth, Frodo can't just knock out one of the Balrog fights.
But, on the other hand, it looks like your dwarves are holding up alright. You have a decent amount of good possessions, and nice conditions as well.
On the Shadows side, I think you should consider swapping an
Goblin Wallcrawler for
Durin's Bane. While
FoU can be brutal, if you play against a choke (or just don't have the
Goblin Runner you need), then you could be stuck with no Balrog whatsoever.
You have a big deck, but you probably need that for
TAC, but you might consider trading out minions with less strength, and less useful game text (like
Goblin Wallcrawler,
Moria Scout, and
Goblin Sneak) for
Goblin Pursuer or
Goblin Flankers.
Also,
Host of Thousands. With only one (and 2
TAC), you might consider just taking it out. However, it does mean you have 5 Runners, or 5
Goblin Scavengers.