Went long TVIX yesterday ....Markets just look wayyyy too stretched....
In at low $7.09 expecting at least $10+ for 40% trade.
Rhetoric is suddenly getting very negative again with China... with markets at record highs, and that surprise meeting with The Fed, I see a slight pullback beginning in the markets...
Whether its a small retracement (40-60 pts on SP or 100-200pts) or start of a bigger correction is yet to be seen!