Wednesday, February 20, 2013

UVXY / VXX

The UVXY was opened yesterday as a trading position so closing it today at a +5.5% gain is fine, I want to be a little flat on short term positions right now.

As for the Longer term positions like VXX and I believe a UVXY, I'll leave those in place, here's why for both the short term and long term...

 short term UVXY 2 min chart positive yesterday at the opening, there's a slight negative intraday.

 3 min UVXY is looking stronger as it is a longer chart and reflects a longer position.

 10 min is leading positive-VXX

The 2 hour chart is in line on the downtrend and leading positive at what is 5+ year record lows in volatility, the daily VIX is also in a strong leading positive divergence

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