As highlighted recently, the TVIX long trade that was entered on Feb 4th crossed below 30.40 to trigger the suggested stop of a beta-adjusted* loss of 3.4% (unadjusted loss of 9.6%). Also as previous mentioned, TVIX will likely be added back as another official long swing trade soon, pending a little more evidence that the long overdue correction on the equity market is most likely underway.

As I will most likely stick with the same price targets for the next trade, I will keep the string of posts from that previous trade locked as subscriber-only content until the next trade is completed. As the updated chart above shows, TVIX broke out above the downtrend line recently & has pulled back to the former stop level while the markets continue to exhibit weakness, moving lower since Monday’s gap up.