To make a long story short, I have short positions in SPY, XLE, XLF, QQQQ. As it so happens Full Moon will take place this Sunday. So, I hope this will coincide with a major turning point in the market and my shorts will show some profits. What worries me that Full Moon may not work as expected. Then I am actually shorting ETFs that are making new high for the year and I am at the mercy of the crazy momentum players. What do the charts tell you? Should I be shorting the strongest ETF like QQQQ or XLE because they are overextended? Should I be focusing on the weakest one (XLF)? Or cover my shorts here?