It was a wild volatility ride today with XIV swinging $3 , 1.50 up at the open and down 1.50 at the close. We didn't like the sell off at the open after hitting R1 and took the afternoon pop to 145.75 to close out our trade when XIV failed to get back to R1, but I was being overly cautious and wanted to bail on the position if any evidence of weakness appeared... (see lower chart.)
According to the model metrics we lost money today, but that's based on closing prices.
If normal railing stops were in place the actual trade close would have been in the neighborhood of 145.25, therby still booking a nice gain for the day..
Note that the current Fast ALERT signals are in sync but downslope.....equals caution.
