I mentioned these as short term/very speculative longs several times already today, I think the market as I showed you pulls back and these should move higher on that pullback.
I am not taking on either as a new position because I don't feel the charts are strong enough even though I think the correlation is strong enough, the fact is I have rules and will follow them.
That said, I think UVXY 2x leveraged long VIX futures could do well on a market pullback as VIX futures are bid for protection, VIX futures themselves look decent and if I took the trade it would be based on the actual futures charts over VXX/ UVXY.
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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