VIX Manic, Bad for HVU I think HVU is going to ge slaughtered in the coming few days to a week. VIX is manic which usually shows the bearish sentiment is exhausted and the bulls are about to take over. Not to mention that VIX/HVU is overextended. Thus, the all time low of HVU should be taken out in short order IMO.
I'll be looking to buy somewhere in that range because even if we take out the S&P high, I don't think it will be by a large amount and we'll come straight back down.
If I can buy in the 5's I'd be loving it.