Monday, July 6, 2015

Trade Idea: Opening UVXY (Short) Position

This is a short term trade idea, along the lines of a market bounce. There are some decent looking VXX and UVXY charts, but the inverse XIV is the one that closed the deal. Ideally I don't mind a full size equity short position here, but I'll probably leave just a little room to add to the UVXY short just in case we get a slightly better entry.

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