If you’re happy with current gains on the VXX March 32 put, and the XIV stock trade, consider exiting half of both today. Thankfully, we got into these a day before the Dow rallied 400 points yesterday, sparked by massively oversold technical reads.
I’m recommending this out of safety because I don’t trust the market.
After falling 800 points in days, the Dow then jumped 600 points over the last couple of days. The problem with the latest move is that it could die out fast after this partial gap refill, as the bulls and bears fight for power at top of trend.
Hold the second halves and all other open positions.
We’ll talk again soon. Happy holidays to you and your families…
Ian L. Cooper
Inside Value Trader