Quick Update: Shorted covered with profit but taken by surprise

On Friday I covered the ES short at 768.75. Profitable but not that great. I was expecting an intraday retrace to the upside before reaching the 761 target, but I never managed to get back on the short.

Since 761 target was reached. I put in an order to short at 773.50, expecting the down trend to continue.

My short was eventually filled at around 8:30pm Sunday night. Unfortunately, the market got driven by the news of US government buying bad assets. I eventually have to cut loss at 785.50.

Since this is pretty much a news shock, my money has stayed on side line for much of the day. Near end of the day, I initiated new short positions, betting on over buying retracement:

• -1 June ES, entry 810.25.
• -1 June ES, entry 812.50.
• -1 April ES 810 call, entry 33.

I expect to cover at least 1-2 ES contracts in the coming days. The short call I will let it sit for a bit.

Positions: -2 June ES (810.25, 812.50), -1 ES 810 Call (33)