Velocityshares Daily 2X Vix Medium Term (TVIZ)

[gldtimer]

Tough Year Being A LS Sea Captain.

http://www.barclayhedge.com/research/indices/ghs/Equity_Long_Short_Index.html

...being either long or short an asset is a compelling sirens sound that has caused many a captains to wash up on the rocks from repetitive cycles of being wrong sided whipsawed.

The old adage: Bulls make money, bears make money; but pigs get slaughter--is what all LS captains should have tattooed on his right arm.

Flexibility is a must, when your prior determined pivot points are hit, then execute the maneuver post haste.

Yesterday at the open I was 1% in VXX, at by noon 1% in XIV, with a great chance I'll be 2% in by the close today acting as a long hedge against my almost 100% equity side shorts.

If the rally continues the vol hedge will give me time to move from the short side to long without getting too roughed up.

The good news is that this is a 'good news' rally meaning bonds are tanking and helping out the portfolio. If this was a 'bad news' rally with both bonds and stocks moving higher I'd be on the wrong side of both!

Now if only the grains would cooperate, with yesterday hopefully being the climax selling on a bumper crop report.