Covering and Waiting

I have enjoyed this down move, but I am now covering my shorts (negative delta trades). I don't see much happening in the markets tomorrow, but we may rally a little bit as the downside velocity seems to be muted as the $DJI is only down 80 points today. The TF is  also losing downside steam as it is only down 3.90, and it is trading at 900.1. The ES is also now seeing a little strength. Overall, we may see an inside day but to the upside. What does interest me is the NQ trading at 2750 which is a interesting downside move. Bonds may fall though as they are approaching 150, but they still are seeing weakness at 148 (which is expensive), and the ES may rally just a little ( I am thinking it may fall around 1560). It does look like oil, silver, and gold are finally ready to recover, and if I am lucky natural gas might all apart as oil rises. I am keeping my short delta very small until we see some kind of strength, or gap up and a little weakness afterwards. I have to admit, I hope we do not see and inside day tomorrow, so I can squeeze some more out of the market. If the ES does rally to 1560 I may short some VXX puts.