By the end of the day, I closed the QLD short trade as I did not have enough gain to keep the position over the weekend and the MF looked rather strong.
As of now, the Portfolio is 40% short and 30% long.
Because we are in an options expîrations week, I am tempted to look at buying one long position.
The trade ideas are below.
AT&T and DDS have been featured here:
http://www.effectivevolume.com/forum...Pyramid-method
ENDP is more interesting, because the overhead supply is thin.
As you can see below, there is a group of potential "sellers for protection". These are the most recent buyers who will become sellers if the price falls further.
However, if the price gains and reached the Max Pain level, then momentum could take it easily up to $21, where part of investors who were "locked in" will start to sell in relief. Everything will be about momentum.