For this week, if the market is showing signs of weakness, look to short growth stocks. On September.09 they experienced a sudden sell off, and there didn’t seem to be any catalyst that justified this reaction; it just kind of happened.
You should probably have experience trading if you are going to do this though.
As of now — like today — I don’t feel confident about anything due to this upcoming fed meeting and of course, the earth shaking Saudi explosion. Will have to wait for Monday to get a better view of the trend, but here is what I’m watching
Short upticks, and try to get a good position so you can hold. You don’t know what can happen though, so be prepared to drop your position if things turn around.
What alerted me to this stock was Warburg Pincus dumping most of their position last quarter.
Try to get in at 75. The better entry was on Friday
Because I don’t know the oil industry very well, the only thing I can recommend is UWT.
TVIX is sitting at pivot point right now, fully retracing all recent gains. It’s very hard to swing this, so just keep it on the watchlist and trade intraday and if you get a nice buffer, maybe switch to swing depending on the conditions. Scale down if you want to swing it though
Below is the Market Movers post from September.09.
Disclaimer THESE ARE NOT BUY RECOMMENDATIONS. THIS IS SIMPLY FOR EDUCATIONAL AND/OR ENTERTAINMENT PURPOSES. YOU SHOULD CONSULT A FINANCIAL ADVISER BEFORE BUYING ANY PUBLICLY TRADED SECURITY. WE ARE NOT FINANCIAL ADVISERS.
All chart images courtesy tradingview