The market bounced today but still gave no indication or clues as to future direction. For that reason we continue to take the "prepare for everything" approach.Specific to current trades, we are using the "pair trade" strategy discussed in recent videos. The idea here is that we get one big win, one small loss no matter which way the market goes. Due to the potential gains in VXX, we will make more money if the market tanks.The focus lists consist of three stock types: 1) stocks showing relative strength 2) stocks that have been hit hard and are potential "second thrust" shorts on a bounce and 3) recent IPOs.Remember tomorrow is the last trading day of this holiday week. You may want to be light going into the weekend.The video discusses this more in depth, and also talks about setups, FIT strategy and JNUG exit.Video:
https://youtu.be/40s4itQo9QgTrades: Holding GPRO (short), FEYE, VXX, SPXLExit JNUG (discussed in video)FOCUS LIST: VXX, XIV, FIT, GPRO, MBLY, YOKU, MBLY, VDSI, FEYE, SGEN, BMRN, BLUE, TWTR, DSKY, TSLA, NFLXNEW ADDITIONS: FOGO, GUID, AMZNBIOTECH LIST: (long and short): ANTH,RVNC,RARE,HALO,INSY,GILD,BLUE,HRTX,POZN,MNTA,RDUS,DPLO,EGRX
