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ProShares Trust Ultra VIX Short Term Futures ETF UVXY



ARCA:UVXY - Post by User

Post by MichaelRyan2on Jan 23, 2020 11:11am
25 Views
Post# 30588790

BOUGHT IN TODAY @ $41.50

BOUGHT IN TODAY @ $41.50Going to ride this like others but hopefully to $55 or $75 rather than $30!!!

Plague now in my opinion will hurt travel, will hurt production.

Phase 1 with China already signed, and factored in- if anything living up to the contract will the negative weight on Trump to fulfill.

Market is just WAY WAY WAY TOO OVER BOUGHT and CTA's, Hedgies, Central Banks... Everyone seems to be ALL IN!

I waited the 3-4 days for TVIX to trade sideways between $39-$41 and today on the break out felt was good buying opportunity.

Exited a number of my LONGS as I feel this market must pull back... and pull back soon.

Expecting at least to see SP500 fill that gap down to 3,290 and will be watching the headlines to determine sentiment moving forward.... GLTA
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