Market Thought... protect

I make no secret that I feel valuations are really compelling with respect to a bunch of names. (ie GOOG, AAPL, IBM, GS... etc.) But the rise the market saw this week, becoming as overbought as it stands at the moment, in relation to the decline in the Vix, has me concerned. Especially since I still see the SP500 in an atmosphere of negativity.
The Vix declined to the horizontal blue line to which it may bounce off of. And if the Vix bounces, the SP500 should decline.




Fundamentally, there is nothing stopping the market to continue to rise. I truly believe this, hence did not sell my GOOG, AAPL and IBM.


Technically, the hurdles for the SP500 are present. This is why I added to my protection.