As we can see below, the XLE long position could be in trouble as there is a 72% chance that the stop will be reached in the next five days.
Hence I decided to lower the stop so that the probability falls back down to 50%
Note that as a consequence, the Balanced Drawdown declined from -0.6% to -0.5%. Hence, by increasing the potential loss on the long XLE position I also forced the portfolio into a more neutral risk position.
The trade ideas for today are below. I still would prefer the market to experience some sort of sell-off before buying these oversold ETFs.