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In the middle of recording this, I wound up getting a phone call and upon my return I did an entire podcast, but I forgot to hit record. So instead of editing and going back, I did my best to continue after that, but if I missed anything, hit me up on Twitter and I'll cover it tomorrow.
I go over my theory that we're in a range for the S&P between 3000 - 3800 and 3500 has a support level. I think you can use $SPXU $TQQQ $SQQQ and other tools to trade within this range.
I also think the VIX wants to be at $35 - use $UVXY - it is at 29 at open - I think it could go to 25, but it def will hit 35 in the next few weeks. There's just too much bad news out there.
$SCO and $KOLD have been the winners for the last week - BIG winners. I think $UCO and $BOIL have been oversold and will look to bounce here, but all the politicians of the world trying to bring oil and energy prices down is what's killing the stocks.
$VEGI and $XME have been beaten down and are good swing trade ideas
$REV - trade this one. It's super volatile and look for confirmation before buying in, but its' great for scalping.
$RIO - this one has been beaten down and has a great dividend.
$OXY - Bershire and Buffett bought more - I like it under $60 buy and over $60 sell - just like $DVN but I like $FANG when it gets confirmation.
By Gary Vaughan5
33 ratings
In the middle of recording this, I wound up getting a phone call and upon my return I did an entire podcast, but I forgot to hit record. So instead of editing and going back, I did my best to continue after that, but if I missed anything, hit me up on Twitter and I'll cover it tomorrow.
I go over my theory that we're in a range for the S&P between 3000 - 3800 and 3500 has a support level. I think you can use $SPXU $TQQQ $SQQQ and other tools to trade within this range.
I also think the VIX wants to be at $35 - use $UVXY - it is at 29 at open - I think it could go to 25, but it def will hit 35 in the next few weeks. There's just too much bad news out there.
$SCO and $KOLD have been the winners for the last week - BIG winners. I think $UCO and $BOIL have been oversold and will look to bounce here, but all the politicians of the world trying to bring oil and energy prices down is what's killing the stocks.
$VEGI and $XME have been beaten down and are good swing trade ideas
$REV - trade this one. It's super volatile and look for confirmation before buying in, but its' great for scalping.
$RIO - this one has been beaten down and has a great dividend.
$OXY - Bershire and Buffett bought more - I like it under $60 buy and over $60 sell - just like $DVN but I like $FANG when it gets confirmation.

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