I know, I know. I’m a coward. All the same, I took profits on XHB, NVDA, and ARM, and I lightened up a bit on a few others. First off, NVDA was getting awfully close to what I considered major support.
Second, the $VIX has banged out nothing but “lower highs” for years, and I fear this may be another.
My cash has rocketed up to 37%. I’m happy to hang on to my remaining 9 bearish positions, but I want to avoid any Fed monkeyshines this weekend, and I felt it was time to take some profits. We shall see!
