Yesterday, I exited the TBT short and the XME long positions. In the current markets, it is better be safe than sorry, especially after a one day exuberant bounce.
I am only keeping three short positions for now. I might cover the XLF position if the Money Flow turns positive today.
The trade ideas for today are below.
On the long side, POT/MOS look interesting due to the Money Flow, but we would need a weaker US$ to see money attracted into basic commodities related equities.
However, to balance the portfolio, some long ideas could be interesting.
Note SHAK on a possible short squeeze here.