Yesterday the market was up 60-90 points and then sold off with only a 20 point gain. Today futures were down an hour ago 120 and still down now 75. The US market is drifting more and more away from the highs from last week. I got in this ETF a few weeks ago at $5.90 and this has been dancing within a $.25 cents of $6 (for the most part. A bottom has formed on this chart. Now I just sit and wait. I have gotten more comfortable not fearing a UVXY plummet the last week or so. Let the fun begin!
You're right with your assertion that the "fear" factor in dealing with UVXY is no longer there. As matter of fact, it has been confined to a range for weeks. UVXY would have tanked to upper $4 by now due to decay. But that decay factor has been very stable since May 5th. That's a very long time for UVXY to be stable and trading like a stock.
I think all the good news have now been fully priced into the market, perhaps overpriced. There doesn't seem to be much else coming to move the markets to new clear highs. But on contrary, the headwinds are there and closing in fast on us. It looks like we will see 14k on DOW before 16k.
Question is UVXY or directly shorting of top equities? Which is going to better for yield going forward?
deux your right about that it is trading in a stablelized manner been holding since May 9th one hell of a ride and looking to get out very soon before the reverse split on June 10th but then again it will trade a lot better keeping the flippers (don't get me wrong make money anyway one can) at bay$