If you get in on Tvix at the market peak you have made some money. Right now the market is at a peak. So you have a chance now. Thats all I am saying. Yes they are trying to prop the market up for elections but nobody is buying anymore. All thats going on is big firms selling to small guys. Thats a sign of things aint gonna go up indefenetely.
Right now TVIX is a hold. Looks like market is looking for direction. If we break higher on the S&P then sell TVIX. If we break lower then hold tight. S&P made a bullish breakthrough on Monday but hasn't moved up to confirm the move is real. Volume is at the lowest, so we will know soon. But my stragety is if S&P moves higher over the next week, sell TVIX if it moves lower HOLD TVIX.
Looks like market is overextended. Big firms are offloading to bag holders. The low volume only conforms that big funds are not buying. Have we reached the top looks like we are due for a nice pullback. We can easily get back to $10 on a little scare when people realize theyve been suckered again by the big guys. Stay long Tvix it's a good entry point.