VelocityShares Daily 2x VIX ST ETN (TVIX)

[Fredster101]

Good evening Chris:Here is what i received tonight:

Prices sold off today, hitting the low of 2042.35 down over 30 points in the S&P. We’re seeing long-term divergence and significant resistance at 2100 and we had called for a potential top. If we did not see acceleration or momentum breaking the 2100 range. This failure should very likely accelerate and any break of 2020 would bring prices into the low 1900 to 1800 range. Traders also have to be mindful that we may be seeing the end of this bull move as prices have not been able to break to new highs since May. We could be seeing early signs of a long-term top forming.

I really think you should buy and hold and not do the filliping at least for a while. Ultimate decision is yours!
Good luck trading tomorrow.
Fredster.