UVXYProShares Ultra VIX Short TermNeutralProShares Ultra VIX Short Term

5d ago on

The VIX has hit 28.5 -- our bear market warning level. But this is also an area where many intermediate-term corrections have historically found a bottom. The key now is how the market responds. If stocks can’t rally convincingly from here and produce a legitimate follow-through day, expect more volatility. Even in the event of a follow-through action, before we could justify aggressive exposure, we would need to see a lack of distribution post follow-through AND stocks setting up in constructive bases offering buyable pivot points. Bottom line: this level of volatility gets my attention --and my respect. https://t.co/JXzFFTmMtn