Traders Daily – Absolute Chaos in the Market

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The sky is falling… The sky is falling…

Everyone is panicking.  The Dow is down 500 points. Quick, sell everything

That’s how traders are reacting to the market right.  But it’s overdone.  It’s so overdone that we recommended closing the three volatility positions yesterday in TVIX, VXX and UVXY.

Velocity Shares Daily 2x VIX Short-Term ETN (TVIX) – ran from $30 to $49
iPath S&P 500 VIX Short-Term Futures (VXX) – ran from $28.75 to $37.50
ProShares Ultra VIX Short-Term Future...

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