I also increased the long XLE and opened a 1/2 short ZUMZ, which broke below support on volume.
The portfolio is now 50% long and 50% short. This means that even if one of the stops is hit, I might keep the position in order not to break the neutral situation.
The new ideas are below. I might reduce the XLE short in order to buy PNRA, or I might drop the SDS position in order to enter into a new short trade. In pink are "breakdown" trades. Those in blue are positions of the portfolio, but that are still interesting to enter.
Some of these ideas have been posted here:
http://www.effectivevolume.com/showt...9913#post29913
http://www.effectivevolume.com/showt...9914#post29914
http://www.effectivevolume.com/showt...9915#post29915
BA is also an interesting short on a breakdown below support.
A breakdown on volume looks better.
I would like to also come back to the WWW trade. Originally, the target was 29.10 . A weak market could easily bring us there.
Below are two tests on WWW: a breakdown below $29.1 and a Breakdown on volume below $29.1
This stats tell us to cover the position if we break below $29.1 on a weak volume, but to keep it if we break below $29.1 on strong volume.