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Trading Volatility Report - UVXY Buy October 4, 2017

The stock market has been overbought with the VIX treading near all-time lows. It has been a favorable time to closely watch for potential UVXY spiking action.

Yesterday, the 620 MACD on the UVXY 5-min chart showed the following:

If you bought today when the 620 MACD fast line crossed above the slow line when UVXY was at 19.84, you might use the low of today of 19.6 as your selling guide. If you bought yesterday when UVXY was trading around 19.33-19.38 as shown in the chart above, you could be more flexible with your stop.

As a general rule, keep your stops no more than roughly 1% below your entry price. Often, you will find your exit points on false signals will actually show breakeven or slight gains as price action reveals further evidence of the signal being false. If you buy late having to pay a percentage above 19.84, your stops would be larger than 1% by that amount. More on 620 MACD here: https://www.virtueofselfishinvesting.com/faqs/answer/the-6-20-moving-averages-and-macd
This information is provided by MoKa Investors, LLC DBA Virtue of Selfish Investing (VoSI) is issued solely for informational purposes and does not constitute an offer to sell or a solicitation of an offer to buy securities. Information contained herein is based on sources which we believe to be reliable but is not guaranteed by us as being accurate and does not purport to be a complete statement or summary of available data. VoSI reports are intended to alert VoSI members to technical developments in certain securities that may or may not be actionable, only, and are not intended as recommendations. Past performance is not a guarantee, nor is it necessarily indicative, of future results. Opinions expressed herein are statements of our judgment as of the publication date and are subject to change without notice. Entities including but not limited to VoSI, its members, officers, directors, employees, customers, agents, and affiliates may have a position, long or short, in the securities referred to herein, and/or other related securities, and may increase or decrease such position or take a contra position. Additional information is available upon written request. This publication is for clients of Virtue of Selfish Investing. Reproduction without written permission is strictly prohibited and will be prosecuted to the full extent of the law. ©2018 MoKa Investors, LLC DBA Virtue of Selfish Investing. All rights reserved.
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