It was a big selloff day across the market. Biotechs weighed down NASDAQ causing it to drop more than 3%. S&P index dropped below 1900. eStockPicks algorithm picked 7 stocks for day trading: 4 long, 3 short.
- 6 wins: TZA, SQQQ, BAX, SWN, TVIX, AXLL
- 1 even: SPXS
Buy stock picks performed very well on an overall bearish day. Markets closed at: DOW -312, SP -50, NASDAQ -143.
Stock Picks with entry highlighted in the charts below:
Stock Pick: TZA Type: Buy Price: $12.84
Stock Pick: SQQQ Type: Buy Price: $26.30
Stock Pick: BAX Type: Sell Price: $33.83
Stock Pick: SWN Type: Sell Price: $12.55
Stock Pick: TVIX Type: Buy Price: $13.04