UVXY - One way to short the market
Jan 27, 2021
UVXY. One way to short the market.
When the market tumbles, as it did today, one of the ways to play the game is to go long on UVXY. UVXY is a bearish ETF that goes up when the market goes down. So, even if you are not allowed to short the market (such as with SPY Puts or by shorting the S&P-500 Futures, then you can simply step into UVXY long and make a profit while this ETF goes higher.
I posted UVXY as a high probability long this morning in the chat room at 11.70. The following charts show a comparison between the S&P-500 and UVXY.
Interested in Bob Joiner's day trading chat room?
At the following link, you'll find a 2-minute video overview and a link below that video to receive more information.
