I've made two trades today, and both of them were to cover my remaining shorts. One for a profit and the other for a loss. Overall the week and month of trading in the Splash Zone has been absolutely fantastic. But today, I'm not going to push any more positions into my portfolio. 

Here's why I am going cash this weekend, and it is pretty obvious if you ask me:

1. Three-day holiday weekend. Heck, it is hard enough holding positions overnight, much less a weekend. But throw in President's Day, and you have a lot of additional risk that you're taking on by holding positions over the weekend. 

2. We are oversold and bouncing today, but that bounce could easily be sold off tomorrow, because what gets oversold can stay oversold much longer than what you'd think. 

3. China will be opening up on Sunday night for the first time in more than a week. That is a lot of information, events, and price action that it has to process, and who knows how that market will open. Also, their government will probably do something to manipulate the yuan to their favor prior to their markets re-opening again. 

4. China will have two trading sessions before we even open up on Tuesday. 

5. Europe will have two trading sessions before we even finish our first session on Tuesday. 

6. Oil is all over the place. It rallied as much as 12% at one point today, and with a holiday weekend giving us three days off, there could be another similar open in either direction in this most volatile of commodities, which no doubt will play a large role in the direction stocks ultimately take. 

Call me a chicken or whatever, but I value my capital…A LOT… and I don't see where I have any identifiable edge going into Tuesdays trading open that suggests me being short or long over the weekend. And when there is no clear edge in the market, you refrain from trading and that is what I am doing here.