VIX tradeI yesterday bought 15,000 shares Svxy, betting on market bulls. The recent market collapse has been a great success for a group of us who trade Tvix and Uvxy. Congrats, We were diligent to get in just above the early Oct lows. Yes, we had a few frustrating weeks in September taking on the trade during what appeared to be a weak market rebounding. Maybe the Elon Musk factor.
As money pours in to gold Wall St will advise mining stocks are back in play. Stocks are at first level of bottom fishing in shallow waters.
As stated Oil projected to rise if article is correct. However more likely warfare in Middle East erupts sending oil up.
Earnings are up next in 2019 and I expect Svxy to peak Feb or early March. Svxy slow exit $47 to $52. Yes, I can and will exit if I see the requirement.
Thats it, Happy New Year to many great posters on Stockhouse billboards. Best to you all, Manxcan