The Dow is challenging a double top. If this fails, we could easily re-test the 50-day moving average 500 points below. I’m recommending that you exit the XIV stock trade, as well as the VXX March 32 put to protect gains should that happen.
Since this is a holiday week, we’ll see low volume across the board. Look for new trades after the holiday at the very latest.
Have a very happy, healthy holiday, and a profitable New Year.
Best wishes,
Ian L. Cooper
Inside Value Trader