ProShares Trust Ultra VIX Short Term Futures ETF (UVXY)

[tw0122]

Todays UVXY lessons are 1) inflation causation: no tapering by Fed and increase in balance sheet which is money printing by the Fed and 2) manipulation of the Fed lowering the 10 year yield is not good for Volatility.

Those that used this morning scalp made some quick cash but once astute observers just saw this as another coordinated Fed takeout to get retail to sell there long positions.