Weird VolatilityI really thought with today’s events HVU would open up come Tuesday. I have no position on VIX. What I see for Tuesday is a very strong drop for Uvxy and HVU.
CME futures are so high at this point HVU would open 5 to 7% down. Nice to see our traders take profits off table even if a tad early.
I remain with thought ought be very cautious when in early days and weeks on earnings reports. Get a feel on market impact of these reports.
I remain market likely to be to be more volatile Mid May prior to the June Fed meetings and next interest rate decision. Syria today, what about N Korea meeting next month? Huge peace move if N Korea moves to de-nuclearization.
What if China and US negotiate on tariffs. What if tariffs increase. Just deal with short term reality, be cautious, but do trade.
Glta Cheers Manx