This is the time the pros come to play and it's the first decent break of the TICK.
VXX/UVXY have held up remarkably well, the UVXY position entered earlier today is down less than a percent and that's with 2x leverage, both VXX and UVXY are looking very good, if I hadn't entered one already, I'd certainly do so by now.
HYG is the play toy used yesterday, today it's in worse shape, but this is purely short squeeze.
It looks like the pros are stepping in. The intraday charts are insanely negative.
I'm holding all of the trading shorts opened yesterday and today, I might add 1 more if I find something that looks as good as the ones I already have.
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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