Market Update / VXX UVXY Long

The last Market Update made clear the market was still in the op-ex pin range, but showing distribution for an intraday move lower, this means VXX and UVXY should move proportionately (not BETA) higher, thus I like either as a long equity, not so much an option position here.

The IWM, which has been the strongest, is leading again.

WIM 2 min intraday with a horrendous leading negative, that's a clear break to the downside.

If you do look at VXX and UVXY long, those ARE positions I'd try to trade around, even intraday.