I've been accumulating this in the last few weeks, faithfully waiting for this day. Today's massive volume spike seems to signal the beginning it's ascent. SPX also had a failed breakout this week and inverted hammer on the weekly - very bad news for bulls. That, and other numerous factors (global economy, yield curve, etc. etc.) makes me believe even more strongly that a bear market is coming back. Good luck and be safe!
Do you understand just how TVIX works? re The rolling forward of futures? This is one of the most dangerous financial instruments on the market today - you may get lucky as you did today and make a buck but EVERYONE that holds this name and it's counterpart re UVXY etc etc etc gets wiped out - EVERYONE. Know the risks and EXACTLY how these names work before buying. That said - good luck. @dRends35@UNWOUND
NewYork888
⋅
@london55555, p.s. ^VIX popped 20% today without the risk
the_sunship
⋅
@london55555, oh yeah, it's not a long term hold. Getting out on spikes
NewYork888
⋅
@the_sunship, Good then you do understand we just didnt want any new traders to think you hold it long term - go back 2 years and youll see its a downhill slope but for a day or two you can make money - good luck.