Short term history3 weeks ago, stated market overvalued. Nice run 4 day’s HVU up 53%. Thus buying opportunity. Where are we today. Same place market was deemed overheated. Gotta love experts but importance is volatility and the Fed Reserve followed by market action.
Thinking ahead. We start new round of Q1 2018 earnings. Again, good earnings pressure on VIX trade here for HVU UVXY. Big trade more expected late May or late July for a real strong HVU trade in my opinion.
As for rookie note this, HVU is a trade to exit except when on strong runs up. Look at a chart, no matter what occurs, despite how high a short term run on price is, HVU by design will already break its prior historical low moving forward.
It is is why I short this almost every day unless massively support by broad market problems or collapses. GLTA Manxcan