Protect short positions

Today is a down day, oh yeah! My sell limit orders were not triggered while I was away from desk. My short positions are doing well. DUG, QID and FXP are gaining profits. However, I list as follows what I smell and see, and what I am going to do or already did, to protect short positions.

Findings:
1) Ptrend system triggered a BUY signal at today's close, closing its losing SELL call.
2) QQQQ and XLE bounced right at support (MA 20 on daily chart) intraday, indicating that bulls are not giving up and still buying at support. Surely they don't give up, at least not this easily.
3) IYR, to be fair, can only be considered as correction technically after surging days, esp with smaller volume on downside in these two days.
4) SPY corrected its overbought conditions, which may get bulls ready for another pop-up.

Do's:
1) Sold DUG AUG 17 covered all at 0.6. Not bad profits, 17-16.1(cost)+0.6, even if calls are exercised on 8/21.
2) Prepare to sell QID and SRS either today's AH or early tomorrow when seeing a little bit more weakness.
3) If market regains its strength early tomorrow, reverse to long.
4) Added a long position into my porfolio AH, MGM at $8.3. MGM stands above it MA200, retractment with light volume today. 1st target $11, 2nd target $14, stop $7.95.
5) Keep holding FXP as I see China market is in question, and so are emerging markets (BRIC).

Anyway, good luck and control your risk on trading!