Watch List for 08/22/17 from Alex

 

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VXX: My main winner of the day. Held patiently all day because I thought if SPY held yesterdays lows we would rebound today. EOD push on SPY and EOD decay on VXX / UVXY. I held 1/2 short overnight. I think the market gaps up and continues to run. Not afraid to keep adding to the winner on this tomorrow morning. Looking for < $12.50 near term.

UVXY: Same plan as above.

JMEI: Had a great short on this today @ $4.10 but I wasn’t patient because I didn’t trust how much it was soaking. Just an incredible melt all day. Not a single bid in sight. Watching all pops risk on $3.65 for more unwind.

RTNB: Again, incredible entries today @ $1.46 but scalped out of it rather than being patient for the bigger unwind. Watching all pops to get back short risk on $1.50

FENG: Story of my life today lol… Had a $4.70s short and wasn’t patient again. Will continue to watch all pops risk on $4.50

IDXG: Still hanging around. Hopefully get a jam on $1.50 then a fade back.

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