Closing Out the Visa Short; Chess Moves

With Visa hugging its lower daily chart Bollinger Band, I elected to close out the rest of the short for a modest win into the long weekend. I covered the rest of the short at $253.38 from my $260.30 entry noted here. As for my open positions, I still have a trailer on my winning NUGT long, and my AAL F UAL shorts look promising, while the biotech short (long BIS) an LOW short are struggling to get going. Regarding the market action, we still have a mild bounce today. However, sentiment still does not seem aligned with a tradable bottom on the long side, especially with a bevy of headline risk into a three-day weekend. Recall that the market will be closed on Monday in observance of MLK Jr. Day. Bonds are coming in a bit today. But I still want to see a bit more of a textbook reversal in the likes of TLT before shorting them again.