Replies to post #944 on VelocityShares Daily Inverse VIX Short Term ETN (XIV)

[Rock_nj]

Asia shook off Brexit as no big deal, because in reality the UK does little trading with Asia. Even the U.S. markets have had a muted response. The U.S. markets like to selloff before earnings, so this is a natural time for a selloff. It appears the earnings recession is ending and we will have better forward guidance from many companies that report Q2 earnings. Sets up well for a XIV bounce.