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Investors then receive higher cash payments than the amount upon which they are taxed, creating an efficient means of tax deferral. The taxable income passed on to investors often is only 10% to 20% of the cash distribution, while the other 80% to 90% is deemed a return of capital and subtracted from the original cost basis of the initial investment.

Fortunately for investors, MLPs generally have much higher distributable cash flow than they have taxable income. This is a result of significant depreciation and other tax deductions and is especially true of natural gas and oil pipeline and storage companies, which are the most common businesses to choose an MLP structure.

With AUM of $581.84 million, the ProShares UltraPro Short QQQ ETF (SQQQ) provides investment results that correspond to three times the inverse daily performance of the Nasdaq 100 Index. The underlying index includes large, actively traded companies that operate in non-financial sectors like technology, biotechnology and health care. SQQQ offers ample liquidity with over 43 million shares changing hands daily and has an average spread of 0.07%. Trading at $17.13, with an expense ratio of 0.95% and offering a 1.29% dividend yield, the fund has returned 13.93% year to date (YTD) as of Dec. 31, 2018.

The ETF's chart shows two distinct swing highs in October and November that should provide a vital support area at $18 if price continues to retrace over the next few trading sessions. Traders may want to wait for a price reversal pattern, such as a hammer or bullish engulfing candlestick, to form before going long. Think about placing a stop below the recently formed "golden cross" pattern and booking profits on a run to the Dec. 24 high of $23.90.

It's easy to locate these potential winners with a market scan that computes current positioning relative to the 200-day exponential moving average (EMA). Stocks that trade highest on this sorted list are outperforming their peers by a wide margin, making it easier to add to gains. Conversely, it's best to pass on issues that have undergone more than a single reverse split in their public history because those offerings severely dilute ownership.

Single-digit stocks have come alive in early 2019, underpinned by a Russell 2000 Index rally that has now carried nearly 25%. Even so, it takes special risk management skills to make money on these volatile issues because most are shaking off long-term downtrends, with weak or little profit growth. As a result, it is best to stick with the strongest plays, especially those hitting two- and three-year highs.