Showing posts with label short oil. Show all posts
Showing posts with label short oil. Show all posts

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