ProShares Trust Ultra VIX Short Term Futures ETF (UVXY)

[Sgreg]

IMO no reason why markets are near all time high. Profits way down. Last year at this time economies were better. More uncertainty this year over last too. Did a small flip here last week but have loaded up UVXY last couple of days.

VXX is oversold using pretty much any indicator one wishes to use RSI fast sto etc etc. Combine that with an over extended and over priced market (and everyone knows it) I believe this is a good trade here.

Also entered DWTI today. Oil is now overbought. Did not load up in DWTI like I did here. This is a better bet to me right now. Oil will have its correction but oil is very strong and bullish. It is also very overbought though.