Thursday, November 8, 2018

QLD in cash....11.08.18

We followed our own advice re the downslope TrendX and avoided today's swoon. In the market's typical bizarro behavior both the SPY and the VXX were red today, reflecting most probably the changing paradigm in the current VIX term structure and the overdue inherent decay function of VXX.  Should have been short...I know....just can't win em all.