Making More Trades; Chess Moves

My short book currently consists of AXP and GOOGL, as I believe both positions are intact for my thesis.

And I just added to the short side of my book by going short Visa at $266.44 with a protective cover-stop over $280. This is a 4% portfolio position, and I am playing for the largest Dow Jones Industrial Average component to break down a bear flag in the middle of a rising channel we looked at in recent videos. I suspect if Visa loses $265 the short will being to work well in my favor. 

I also went long GPRO at $41.01 with a stop below $39. However, I am considering this one a day-trade unless I have large profit cushion by the closing bell in order to swing it. 

I will be back with the Visa chart in a bit.

As for the market at-large, I believe the St. Patrick's Day holiday and rally yesterday may have lulled too many into bullish complacency in the very short-term. And today's market weakness may very well just be keeping them honest in front of what should be the main event tomorrow with the various Fed headlines and, more importantly, market reactions.