This means I am still 40% long.
The trade ideas for the day are below, but none are really interesting.
We can see below much negative divergence on the S&P 500 and VNQ. Hence, I suspect that after a big continued short squeeze, the market will dump everybody by the end of the week.
As of now, we can see continued short covering buying in energy and materials: CWEI, UPL, VALE, QEP. TGP is probably the only candidate for a longer term position.