I like it! Think the balloon needs to be more wood like or the boat more balloon like. (Balloon reflection missing)

Nice image, but the moon reflection is a bit off. Try duplicating the moon layer, flip it and place it directly beneath the moon. Reduce the opacity of the moon reflection to about 50%. Use a displacement map of the background layer and add it to the that layer. It will make the moon's reflection ripple with the water.

Here is an excellent tutorial that I watched to learn how to create and use displacement maps. If you don't want to do that, i would at least reduce the opacity and the Smudge Tool to give the reflection ripples.

Edit: http://www.planetphotoshop.com/displacement-maps.html

Great masked for sure! You should add some clouds as well

good luck!!

Good color work on the boat. Fix the moon reflection & you're good to go!

winnie doesnt seem to blend in so well with the boat in the reflection

the perspective is off --the boat should have been rotated -- the back end rotated towar the moon (like counterclockwise) very cute idea though!