I would rather go with vxx than xiv. Look at charts of last three weeks and consider vix now at 12.12. China unstable and some possibility of the fed making a move in the next few months. vix could spike at almost any time, 30-50% in a few days. Oh yeah, what about Greece and Europe. Earnings not exactly stellar in US, where GDP estmates of 2.3% may be just good enough to get fed to move away from zero interest policy. The markets eventually figure out what's happening. We'll see what happens.
Get the fire going! Godzilla Alerts just sent out some amazing alerts! If you wanna get them just google them! I cant wait for their big runs these next few weeks.
Sentiment: Strong Sell
Closed 2.5K EXPE shares short before close, not that I wanted but was moving shares short from one account to another account to clear call, and failed to short again on another account before market close. Will have to short again tomorrow.
Closed 1K OUTR shares short AH.
Sold 10 JDST Aug deep ITM calls.
This week, 1 earning good, 1 bad but OK, and 1 disaster. A lot of clean up to do before next earning season.
Account big minus. VXX back to near ATL. Plan to play some XIV short or VXX put sales against VXX shares short upon further VXX weakness, preferably XIV short fund permitting. Another roll day coming up.