BETAPRO SP500 VIX ST FTRS 2X DLY BULL T.HVU

Tuesday's action

[Steven1]

I think we were all expecting some pull back today. The VIX futures shot up after 4PM yesterday to 23 only to drop overnight. It may explain why HVU did not drop more than expected.
 
Q1 GDP beat expectations slightly. US economic reports were greatly upbeat.  Many of the sentiment reports: PMI’s, consumer confidence ect were compiled Pre-Brexit and pre-market turmoil.  As more sentiment reports come out, Brexit and recent market activity may factor in.

[Steven1]

Not a good day for HVU. Didn’t expect this much of rally. We are basically back to pre-Brexit. This is not to say there won’t be Brexit concerns on the market. But no more 3% drops. Hard to believe that a Norway oil strike has more impact than Brexit . lol   I admit to ignoring to some obvious signs. SP being well below the Bollinger bands yesterday. VIX dropped while the SP dropped. Yen

[DSurfer]

HVU A 20.87% drop today outch ! Cheers to the HVI guys Was able to lower down my HVU average to below $20 Did you shave some off too Steven1 ? Wondering when Contraman will start buying again. What a roller coaster this one is....

[Steven1]

DSurfer. Good points. always good to stay positive. I didn’'t shave. I need to get to low 20's to think of shaving. Came close. I got stuck on the way down (or the way up for the SP)