No time to waste: Today is shaping up to be an important top in the Dow and S&P 500 indices. But we need to give the UVXY position a little more room here to pan out.
If today proves to be the high, or very close to it, we want to remain in UVXY – for the upside potential is huge – to over $100 a share over the next few weeks.
Hold all other positions and related stops, including yesterday’s trades.
Therefore, ALL members should immediately lower their protective sell stop for UVXY, per the following:
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For ALL Members Who Own UVXY: CANCEL and REPLACE the good-till-cancelled order to sell ALL of my shares of UVXY at $34.10. NEW PRICE: Sell ALL shares of UVXY at $30.10, stop, good till canceled. If you do not yet own UVXY: Purchase it at the market using 5% of your trading funds. Place a good till canceled protective sell stop at $30.10. |
Stay tuned,
Larry
