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[etftalk]

Originally Posted by etftalk

I am buying SSO here $37.06.

Sold SSO @ $38.81

[etftalk]

Other than a small position in VXX (play on the VIX) I have been sitting in cash waiting for an opportunity to go long stocks. This marktet is too dangerous to try to short, so I will try to continue to be patient.

[etftalk]

The VXX has about the same success as a 3X ETF. That is, the underlying index can go in your direction, but the ETF does not pay. The VIX was up almost 5% today, yet the VXX ETF was up just 1.1%.

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