VelocityShares Daily 2x VIX ST ETN (TVIX)

[A320CA]

With my previous post - I was pretty much resolved to getting out of these bear positions. TYP, SPXU and SQQQ. Down around 20K in these 3 amigo's. But to my surprise, market looking a little tippy again.

Standing pat for now. No new positions. Looking for 1310-1305 on the downside.


I've made money on both TVIX and UVXY. Around 17K. Thought I would go back to what made money before.

Majority of my position is cash - around 72%. After a correction, I'll be putting this back to work in spades. Still betting on 1475-1500 S&P sometime this year. Would be nice to have some volatility!! Geeze! I was loving last fall!


RLB