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RE: I think I am falling in luv with the wrong sexy VIXen >>>UVXY
7/7/17 update: UVXY not even close to a buy signal and would likely have to drop all teh way back to 9.50 or so to even come close to a buy signal. Now trading at 10.30. Again, my target when I started being cautious on UVXY above $10 was a new low for the 10 day chart. That is still my outlook and my "ultimate" low would be betwixt 8.50 and 8.55. But if UVXY sees at least 9.50 from here...my long trade in teh Q's at least doubles.
UVXY now at 9.65, approaching the 9.50 target I "promised" would get nailt. The VIX volatility index is already signaling a short term buy. No changes to my open trade in teh VIX. I "might" exit the QQQ trade soon however but methinks any pullback will only be a shallow one.
http://bigcharts.marketwatch.com/advchart/frames/frames.asp?show=&insttype=&symb=uvxy&x=54&y=13&time=3&startdate=1%2F4%2F1999&enddate=2%2F18%2F2017&freq=7&compidx=aaaaa%3A0&comptemptext=&comp=none&ma=0&maval=9&uf=0&lf=1024&lf2=2&lf3=8&type=2&style=320&size=4&timeFrameToggle=false&compareToToggle=false&indicatorsToggle=false&chartStyleToggle=false&state=11