Thursday, March 22, 2012 9:01:33 AM
UVXY more volatile than VIX
Definitely so far it seems more like an intraday trader on the quick pullbacks. Where the VIX can find support levels the UVXY seems to find none. Still not sure if it can turn into a trend reversal as every consolidation period it losses considerable premium. If used as a entry on rally tops looking for an intraday or 1-2 day pullback it is tradable as long as you lock in any profits on the volatile move. No Options on it means there is little you can do to hedge other than just setting stops.
Will still have to see if it can ever trend Up or not?
Definitely so far it seems more like an intraday trader on the quick pullbacks. Where the VIX can find support levels the UVXY seems to find none. Still not sure if it can turn into a trend reversal as every consolidation period it losses considerable premium. If used as a entry on rally tops looking for an intraday or 1-2 day pullback it is tradable as long as you lock in any profits on the volatile move. No Options on it means there is little you can do to hedge other than just setting stops.
Will still have to see if it can ever trend Up or not?
Good Luck to All! :^)
PLAN the TRADE and TRADE the PLAN!
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