ION Geophysical Corporation ($IO) exploded higher Tuesday as it appears the company is getting serious about reducing their debt. IO will have resistance up at $4.89.
Small Cap Bull 3x ($TNA) continues this explosive rebound off the lows; shares are now up $13. Expect wild $5-$10 swings up and down in 2016 as these types of big moves will be very common this year. Buy TNA when it crashes, sell on the way up. TNA is my top stock to trade in 2016.
ProShares Ultra VIX Short-Term Futures ($UVXY) is slowly declining as the stock market rebounds. UVXY is a good ETF to own only when the market is dropping. Sell when it spikes or hold to hedge stock market long ETF's.
WTI Crude Oil - rallied above $38 and then dropped to $37. Expect more volatility as we go into the spring and summer months. If there is a bad hurricane season, expect oil prices to rise which will, oddly enough, fuel a stock market rally.