Warning to new buyers - be careful holding HVUThe sudden increase has attracted some new buyers. Just a friendly warning, be careful buying and holding overnight.
The first thing the FED (and Wall Street) try and do is drop volatility - hard. Buying HVU when the VIX is above 16 and holding can be costly. I am still trying to make up losses from Feb when Yellen dropped the word patience.
I think the VIX will remain above 16 for the week - but don't count on it. Its like hot potato - take it and pass it on quickly before it burns.
The way trading was today, I doubt stop losses added much protection.