A short note today . . . .
I live in Austin, Texas and I am a product of the University of Texas. I hold season tickets to the Longhorns Men’s Basketball games and tonight, they play K-State. Gotta go root for my team.
Today as I told my buddy, normally the SVXY trades twice what the VXX does. But, today, at one point mid-morning the VXX was down 3% and the UVXY was up about 5%. Makes ABSOLUTELY no f**king sense.
Somehow this is all being worked out but I have to believe it is moving the SPY with it, classic tail wagging dog kind of stuff.
I’m still a buyer of this dip in many names. Looks like I may have made some good moves today with TSLA. We will see tomorrow.