Thursday, January 28, 2016

Winners and Losers from 1/27/16

DOW closed down 1.38% to 15,944.
NASDAQ fell 2.18% to 4,468.

TVIX
The day's range was 8.73 to 10.12.  It broke the $9.40 barrier at about 2:40pm EST.  It hit $10 at about 3:15pm.

I bought in $8.92 at 12:03pm EST and then got out at $9.65 with a saved sell order around 3pm EST because I was at my day job and could not monitor the market, otherwise I would have watched the indicators and possibly sold at $9.80.  I didn't want to miss a peak in case it was below $9.80.  I was anticipating that if the market fell hard it would max out around $10.

UWTI
Although oil and the overall market have been inseparable for the last several trading days, oil was up slightly and the market fall on bad reactions to the FED announcement and disappointing earnings from various companies.
Range: 1.86 - 2.30
Up 6% to $2.11

NUGT
As the market started bleeding in the last few trading days, gold has seen renewed interested after a huge dip on
Range: 23.25 - 25.90
+5.2% to $25.83

PAAS (Pan American Silver)
Range: 6.32 - 6.70
+4.4% to $6.64
For an entire week this silver mining company has been on an uphill slope.  If it falls back between 5.60 and 6.00, this would be a good entry point for a day trade or a swing trade.

PAAS may not have hit a bottom yet!


SUNE
Up 9.1% to $3.33
Even though the stock was on a downward slope most of the day, it still made a big jump.  Activist investor David Einhorn's hedge fund Greenlight capital recently upped their stake in Sun Edison to 6.8%.

CENX (Century Aluminum)
Up 4.89% to $3.65
The 5 day chart shows a lot of volatility.  Buy if this drops below $3.30 again, keeping in mind that it hit $2.80 on January 12th, which is 15% less than $3.30.

SQQQ
Shorting the Nasdaq was very profitable today if you bought shares of SQQQ on 1/26/16 or jumped in between 12pm-2pm EST.  The best exit was between 2:45pm and 4:10pm.
Range: 23.21 - 25.12

Today's Losers

AAPL (Apple)
-6.57%
$93.42
Apple has been very volatile over the past few months.




NFLX (Netflix)
-6.83%
$91.15
Has been on a downward slope since November 6th, with the biggest drop occuring today, January 27th and a previous big drop on January 20th.  Below $100 this seems like a decent buy-in and below $95, it's probably a bargain.
Market cap is currently $38.96 billion.



TQQQ
-7.4%
Range: 80.20 to 87.41

BA (Boeing)
-8.93%
$116.58
Follwing a weak 2016 forecast.


SVXY
1 Week chart shows some interesting opportunities.  In the next 3 trading days, we might see a bounce if there is any good news on the street.

X (US Steel Corp)
-14%
$6.67 close
52 week low is $6.43, within 4% of today's prices.
Market cap is $975 million

X one month chart


X 6 month chart.  Has the free fall stopped yet?

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