The Minutes DirectionIn because I wanted to be on Friday. This would take above $21.50 UVXY to hold a position over weekend. Minutes yesterday we saw very quick that Fed not likely to raise Sept rate, market moves up, UVXY HVU moves back to 52 week low. However, in minutes we saw housing flat and should be down and oil spot moving up (contrary to what Feds saw as minutes prepared) . So this is an alert on economy and Oil as inflation item catalyst. Friday, swing traders take profits out of broad market wins on Friday.
Mayor, why we jump in this is solely that it may pop. Makes no sense as a trade to buy and hold long term. This is not like JNUG (1500% up), Oil (900% 2015 gain DWTI), NG (DGAZ 2.55 to $32 high -1200%) or gold trades. Those have fundamental trend support. HVU pure market disturbance or so high on broad market mini correction or mini recession must occur.
HVU is about fear, crash and opportunity buy. So if a big run on HVU occurs, easy to trade and hold inverse post a big market drop. THis is always just a trade to clip 3% to 15% except as we saw on Brexit market can shake out more fear.
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