I’m sure if you check out any of the ETF stocks I mentioned last night you saw why I love them so much. SKF one of my favorite opened $170, ran to $195 before falling back to $147. Playing 100 shares can reward $10-15 point swings if you nail it in the right direction. When the market is churning its harder to trade so I normally wait for the volatile days.

ETF’s: TZA, FAZ, BGZ, EEV, SMN, SRS, TWM, SKF, EFU, MZZ, SCC, SDS, QID, REW, DXD, EUM, FXP, DTO to name a few.

MYL many people nailed this short out of the open today in chat from $9.25 down to mid $8s and back to $9 on the bounce reshort on the $9 break down to nearly $8/share before rebounding a dollar. Three possible big range plays.

CROX in chat watching for the flat line, managed to hold .80 level for 5 minutes before reversing for a near 25% bounce over $1

CTCM tested $5 as expected, didn’t play it but watch for continuation and weakness

FTBK great short out of the open faded before rebounded green on the day

WNR another one on watch last night for the scan gave us a HUGE short out of open as well once it lost $8s and went straight to the low $7s before touching the high $6’s – lots traded this one, congrats on that!

There’s not a lot on scan tonight – the highest percentage gainer was only 25% – I’m looking at recent run ups that are starting to flat line and in this market probably worth the short as soon as they crack support. Futures still pointing down for the morning, we’ll see what happens by 8-9am tomorrow. Scan is slim but ETF’s still breaking to new highs, as many of you know SKF one of my favorites has a few new friends (mainly – TZA, FAZ and BGZ) which happen to be on a tear as well.

Other ETF’s worth noting are: TZA, FAZ, BGZ, EEV, SMN, SRS, TWM, SKF, EFU, MZZ, SCC, SDS, QID, REW, DXD, EUM, FXP, DTO to name a few.

DTO has been on a complete tear for the past three months. As you can see some are more volatile than others – when trading SKF I like to have SPY and QQQQ pulled up along side.

MYL watched for the $10 test today didn’t happen weakness kicked and and tested $9, if it can break under that $9 level where it bottomed out last time it may be able to test to the low $8s or more

CROX had horrible earnings after hours yet again down quite a bit after hours we might have a sub dollar play tomorrow

CTCM potential following knife bounce play ready to test $5 before falling back to new lows, keep it on watch

FTBK watch for this momentum to slow and weakness to kick back in, bounces on this stock haven’t last more than a day or two for the past 3 attempts

Keep an eye on BGS and WNR from our previous scan HERE – they are getting toppy just waiting for the bottom to fall out