Data out of China was not favorable so the U.S markets tanked right from the open. All the indexes had heavy selling across the board. Towards the end of the day the drop accelerated. Our system generated 9 day trading stock picks: 2 longs 7 shorts

  • 5 Wins: BX, WETF, CVC, JOY, SCMP
  • 2 Break Even: F, AAL
  • 2 Loss: PYPL, NBL

Markets closed at: DOW -470, SP -58, NASDAQ – 140

Below are some charts with stock picks highlighted:

Stock Pick: BX Type: Short Price: $33.20

bx

 

Stock Pick: JOY Type: Short Price: $22.80

Joy

 

Stock Pick: CVC Type: Short Price: $24.15

cvc