Thursday, January 21, 2016

Day Trading Opportunities for January 2016.

Market fluctuations can offer excellent day trading and swing trading opportunities.


TQQQ
Provides 3x the performance of the NASDAQ.
Thursday, 1/21 range for the day 79.86 - 86.01
Wednesday, 1/20 range for the day 73.91 to 83.88



SDOW
If you find indications that the market (Dow Jones) will drop during a trading day, you can short the performance of the Dow with this fund.
1/21/16 range: 22.25 - 23.78
1/20/16 range: 23.09 - 24.76




UWTI
If you think oil is going to go down, then up during the trading day, UWTI can yield nice gains in a single day.  UWTI is designed to have a 3x performance of the U.S. price of oil.
1/21/16 range: 1.50 - 1.86

UWTI on 1/21/16


SCO
If you think oil is going up, then down in the same day, keep an eye on SCO.  It does a 2x short of the price of oil.  The SCO and SDOW charts for the week of January 14 to 21 look very similar.
1/21/16 range: 201.56 - 237.40


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