Velocityshares Daily 2X Vix Medium Term (TVIZ)

[gldtimer]

Things Just Don't Feel Right

Too many cross currents with no clear path. The answer to not having a direction to move aggressively in is don't do anything. Being 50% in cash that's as close to doing nothing as the hive can be.

The trend for the general market is still down, even given two days of relief rally.

The trend for bonds is totally mixed with strong economy growth pushing yields higher and fear of stock market collapse driving them lower. FXY is strong which is risk off, but interest rates are rising which is risk on.

I'd be much happier holding TBF in a weak yen environment.

Another example of things not lining up is the falling dollar, which is inflationary, but falling commodity prices which are deflationary.

Much of this has to do with a new Fed chair and until the market can figure out if JP is more hawkish or dovish than expected.