The first thing I'm doing this morning is watching the market for a dip. I can see several things happening but they should all result with a move lower. However I don't expect it to last long and I'll be taking profits on TVIX. If I'm wrong I'll adjust fire but at the moment all I'm seeing is a dip and go. Seriously the next time we hit a bottom we should move up over 2100 and holding TVIX through this could result in a decent loss. I'm only telling you guys this because I think the TVIX risk level is elevated because so many think the market is going down. Just a friendly word of warning, I believe we go up not down.