Another week another central bank conference. Last 3 sessions were weak open and all day slow and steady ramp probably trapped many shorts, same oil keeps strong action in markets despite none sense 50% climb in 1 month. I'd bet on big spike to shake off all that shorts stops and then flash crash would be perfect to trap bulls heading for ATH (but it's only best case/improbable).

 

- CPXX 400% winner momo after +ve ph3, in my experience I'd say that this kind of spike always end up dropping ~50% feb or lower in the next sessions.

 

- GWPH another sick runner 2 days ago faded all day yday, prob more bleeding next session, hot spot around 80$ to keep falling.

 

- WLL OAS FCX CHK energy names following oil, any weakness in oil these crap co's ful of debt gonna drop like it's rock, so keeping them on watch w/ oil

 

- USO main oil ETF hoping to see it coming back to 10$ to shorting

 

- NUGT dropped to low 50ish w/weak gold, all TV guys are so bullish on it that it dropped from 70$ to 50$ in few sessions, looking for a bounce play / 3x inverse markets pattern usually

 

- VRX just have no word to describe this falling knife ticker. Crowded w/ trapped catchers now fading even lower p/m. Not sure if there's any bounce but could be as epic as it's drop. Fast trades only/cold water strategy lol