Watchlist - 02/06/2018

Selecting Stocks and Analysis

Market sold off pretty hard into the close. I wasn’t really expecting it since it was pretty strong in the morning.


If the market continues to be weak, I want to try scalping the VIX for 20-30c moves. Breakouts aren’t going to work that well and buying the dip could end with there being no bottom.

$TVIX is an ETN (not ETF) so it does not directly hold VIX futures. I believe this means you do not need a schedule K-1 tax form when you trade it. Don’t quote me on that. That’s why I want to trade it instead of $UVXY. Also, it’s lower priced so more shares can be taken.

I’m pretty sure the markets will bounce back eventually, but for right now it seems trading volatility is the way to go.


It’s really the only stock that has an interesting chart. It had a really nice panic where the reversal strategy would have worked.

Float: 43.03M
Short: 23.11%


Watching these for big panics to buy.

Watchlist Review

None of the pot stocks panicked at the open so I didn’t trade them. $CANN kind of did but my level 2 and charts were delayed because of how insane the $SPY and $TVIX were at the open.

The $SPY had a massive spike with no 5 minute pullbacks until 9:55 AM. $TVIX of course downtrended the whole time. $SPY started topping around $268 and eventually rolled over so $TVIX ran. You have to be really quick on deciding whether to get in because it can go up very fast then get out before the $SPY bounces.


I am not a registered financial adviser/broker/anything. Use this information for entertainment/informational purposes only. Any tickers mentioned are not recommendations to buy/sell/or sell short. They are used as examples only.