Replies to post #10991 on ProShares Trust Ultra VIX Short Term Futures ETF (UVXY)

[Montanore]

"Shorting it on strength is probably the best strategy at this point"

It has been the best strategy for many years now. Every time we expect to change...it doesn't.

[Marketwise]

That is exactly what I have been doing the past week; trading from the long side for very brief swing trades. Going to tread very cautiously in this. My gut says an overall green year in the SPX this year but volatility can still produce some tradable rallies, IMO. Would be very surprised to see a red year unless we slip into a recession at some point but that doesn't look too likely - at least at this point....