Gliding All Over

For better or worse, I elected to lock in some modest wins with recent trades and move to full cash into the weekend. 

After some choppy and sloppy trading in recent weeks and even months, my thinking is to get back into the habit of taking down wins as long as the market is not in a silky smooth trend higher.

And given the harsh selling we saw this week in many growth stocks, be it AYX NOW TEAM WDAY, coupled with NFLX relinquishing its earnings gains from yesterday, I am inclined to come into next week fresh and with a clean slate, open to various possibilities as small caps staged a nice bounce off session lows today.

But will it be enough for bulls to pull off the beginning of a powerful new broad market uptrend? 

The answer may very well prove to be yes. But I suspect we have some more hiccups to go, not unlike what we saw with software this week.

So as much as I would love to hold some names which acted well for me, the heavy duty selling in the above-listed names, plus COUP MDB SPLK among others is akin to a blinking red light for me, near-term. 

True, other sectors may try to keep picking up the slack. But, again, headed into next week I am inclined to let bulls prove that first.