No. At this time, I don’t have any indirect hedges that I’m using in my active trading account. I am long equities, short the $VIX, & short Treasuries (see video that I just published). VIXY was a good hedge to being long equities coming into today but now that it hit T2 with the SPY & QQQ hitting my next long-term targets while oversold (i.e.- increasing the odds of a tradable bounce), should equities mount a half-decent or better (5%+) bounce today and/or this week, the $VIX would likely pullback substantially.

If these long-term price targets on QQQ & SPY and T2 on VIXY prove to merely be speed-bumps on the way to the next targets, then VIXY could spike up to T3 this week. I favor the former (bullish/short-covering rally) scenario over the latter but will adjust accordingly, depending on what I see today & as the week progresses.

Regardless, I do not think the R/R is favorable for opening new short positions on the stock market right now, only longs (with the appropriate stops below, for active traders, of course). Typical swing & trend traders should stick with their trading plan & not be swayed by the big intraday swings due to the extreme volatility unless there are compelling changes in the charts that would suggest doing so.