VelocityShares Daily 2x VIX ST ETN (TVIX)

[A320CA]

Getting beat up on my positions in TPY, SQQQ, and SPXU - -18%, -14% and -12% respectively. I believe we're on another leg up in the market. Could hit 1450-1460 S&P, then a leg down in early May. Just a gut feel. We had a little consolidation last week, digested the gains, now a leg up.

Don't think I want to end up 25% down in these. So....thinking od building a large position in TVIX over the next couple of weeks. We could be seeing $5 TVIX, maybe 4.85? But, as the market corrects we could see a 75% gain from these levels. Back toward $10. Again, just gut - that's all.

Thoughts?