Friday, December 6, 2013

Trade: VXX, Market Update and Positions

The averages are all going negative, and or the Index futures, the SPY and QQQ are two I'd consider some 2-3x leveraged short ETFs on a trading basis.

I like VXX and UVXY long, may add to VXX calls/

XLK tech (Short) I like, the play there for me would be TECS long, I may add.

XLF (short) or FAZ long looks interesting as well, even JPM (short), but I might prefer the leverage of FAZ.

I'm still liking MCP as well.

I'm still going through my lists, but there are quite a few, these are some of the standouts that I'd look at taking a position in, most I already have opened a position in.

I will be adding to the VXX January $45 Calls.


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