I am closing out a lot of my long positions and going to cash to lock in my profits. I really don't like the VIX - we could be in for a drop (or maybe not) - I really had a hard time to push the sell button on Chipotle (CMG). Yet, I had to lock in the 10% gain. I can always get back in. The market itself doesn't look that weak. Just that a lot of leading stocks are over bought. The VIX is spiking today. I didn't get up in time this morning to buy the call options as I had indicated on Friday. So now I have to decide whether to jump in on that position or not.
I think I will hold onto the following positions for now.
BCSI, NFLX
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