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.


$TVIX

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.

$BW

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%

$POTN / $PRMCF / $EMHTF / $KSHB

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.



Disclaimer

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.