The play: short morning gaps as long as VIX continues to decline. Need to understand that a weakening VIX in a bear market create intraday bull traps. A proper squeeze in bear markets start with opening gaps and rise up throughout the day.
The setup: find imbalanced bid/ask stocks that overpriced the stock within the first 30 mins. Short stocks that rise a little then return to the morning open. Stop set to 1% above the pivot point of decline.
Stocks to short:
SaaS profit takers $MDB and weakness $SVMK.
Weakness: $ARLO $FIZZ $CRON
Momentum cool off: $SHOP
Tipping Point: $EA $FIZZ $FATE
Stay short $TVIX
Buy dips on gold/oil. $DRIP $NUGT
SPEC PLAYS (1/2 Position with wide stops)
$UMRX (watch $LABU)