We can note below that the MF is still rather positive, even though oil has weakened in past days. Probably indiscriminate index buying.
I placed the XLE stop below the down spike, which looks like a "run for the stops" type of move. If the down spike price level is broken, we need to exit the position because it means that the whole market will probably come down. The same is true for CRM/PZZA. These two stocks will also issue earnings soon. I want to avoid keeping the position going into earnings. Tightening stops also means that I will be out if there is fear just ahead of earnings.
Since I am now 80% inverse don the long side, I decided to tighten the stops on existing positions (lower the risk.) I will also keep the remaining 20% to buy protection (open a short position.)
All the positions are doing fine, but do not generate much profit. Difficult when the market is only slowly moving.
The trade ideas for the day are below. I did not find any interesting short idea.