Wednesday, May 29, 2013

VXX / UVXY

Both of these are going to make good swing type trades, probably longer. They are pulling back now which helps the SPY along with TLT down and HYG starting to move up.

VXX or UVXY long on a pullback will make for a good position for the bigger picture, for the market downside so while they are long positions, they are like being short the market in a way via VIX futures.

Keep these on your radar, as short term ETFs I'd prefer not hold them too long, and a new entry is not there yet, but may come up on us very fast.

 VXX 2 min leading positive even though it's pulling back intraday.

The chart that really matters, the 15 min, but we have even stronger positives out to 2-4 hours, the 15 is just a better tactical timeframe.

I'll let you know when I make a move.

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