Hey Market Pilot,
The market has been very active recently and was even more so with the Federal Open Market Committee (FOMC) minutes released this week. Despite all the wild action, Moxie Indicator™ members have been on the right side of various trades during this volatility, including cashing in two really great VIX Short Term Futures ETF (UVXY) trades.
The first UVXY trade was to the upside as the market started to roll over. You can see that alert and my projected 50% projected gain in my last newsletter. On Monday, Jan. 24, we followed that trade for that 50% gain and walked away happy.
Here is what this winner looked like:
The next trade we took (pictured below) was to short the UVXY since the market was oversold and UVXY was likely to fade. I had done some assessing and figured price would drop to about the hourly 50 simple moving average (SMA). I was pleasantly surprised by the market as to the exactness of that target, but it netted a cool 14% in less than two days.
Now that the market is moving around with some speed, we have been able to take advantage of it through leveraged vehicles like this. This strategy has been well received after several weeks of chop as the market was topping, and now we should be taking advantage of trades on the short side as the market declines.
If you need some insight during these challenging times, come join my Moxie Indicator™ room and let’s work together to navigate the ebbs and flows.
Your Profit Pilot, TG