A quick update of what we did this morning....
We swapped the TZA for the TVIX @ 36.07 (betting volatility would rise). The reason was that the VIX was right near our near term suport target of 30. We had been waiting for that for the last few trading sessions. The VIX has a lot of support at this area and we don't think the correction is over. A couple of our most trusted computer trading indicators signaled a double bottom in the VIX. Our most bullish sign yet that we have a good chance of a major event comming. Plus we have experience trading the TVIX. The "AFG" group put out some very good bearish info this morning.
Check emails for details....
