Until those 5 min charts turn, I'm pretty content being patient, but there seems to something going on in futures, whether it's a really quick overbought condition or something else. I figure that it's likely I'll be building a VXX call position soon so I am starting a very small, speculative VXX July 17th $18 call position. If I see further evidence of strengthening there, I'll add to it, but for now I consider it a very short term speculative trade with the advantage of being the start of a position if there's continued movement in futures.
The VXX and UVXY equity long positions are still in place and will stay there.
Is interest rates about to start going up?
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Yes, I know - it does not make any sense - FED is about to cut
rates...but....real world interest rates are not always what FED wants it
to be.
5 years ago
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