The Terminal Case of TVIX

This market is showing no signs of weakness. Energy is about the only weak spot here; the more I look at the Energy SPDR (XLE), the more the chart tells me this should be my short pairing for a market long, or volatility short, or financial long. The chart here has actually broken down from the recent wedge formation. The momentum is lost, although the fund is capable of a small pop while other sectors (financials, retail) are strong. I would consider an outright put play on XLE, but I prefer to pair it with some longs and use it is as a hedge here.

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