The miners are up in pre-market as yesterday’s low is proving to be a good
technical level for a bounce to gain some traction.
Traders involved with NUGT should be using a stop against yesterday’s low.
My mental stop is 36 for the VXX.
It wouldn’t be surprising to see this be both a winner and a loser today.
I’m not short the Indices, nor am I bearish Equities. I just think they need a sell off
back to the break out of 2123.
VXX is my way of articulating a long overdue back and fill with limited risk.
It’s currently trading @ 36.74 with a 36.68 low.
I will be exiting 1/2 this trade on a dollar spike higher or puking the whole thing lower.