Short Term Trading Member Forum

[DowDeva]

Could be, J, but I closed out my calls for now and monitoring closely.

UVXY at new time lows and in reverse short territory.

Market declined rapidly after making an all time high in February with very little notice and spent 6 months climbing back up to its former high. Doesn't feel right that it will rally much more after this, all though it may make a nominal high to pull in the late longs. Could be wrong of course.

One of the clues of the decline in February was a lower high in high yield junk bonds in January of '18, so watching those closely.