03 Jul TVIX
VelocityShares Daily 2x VIX Short
What is the best stock to buy these days? It’s hard to say and normally I don’t buy a stock or index that has been in a downtrend for some time.
But TVIX – VelocityShares Daily 2x VIX Short that is traded on Nasdaq, might give 20% or 30% profit within a short time.
Take a look at the RSI. Earlier today, RSI was down to around 17 before TVIX started to raise – and so far it has raised about 5% today and there is a lot more to give. This might be the reason why this is one of the best stock to buy today.
Today is the 6. time since mid-April, that RSI has tested the 30 level area, and four of the times the MACD of TVIX has also performed a crossover.
If you don’t want to take any chances, you might wait till the price has reached 130-135 area and wait for a drop in the price.
TVIX, VelocityShares Daily 2x VIX Short is low in RSI, performing a MACD crossover and range right now, at a support level.
Not all brokers, offer you to trade the TVIX, VelocityShares Daily 2x VIX Short.
Happy trading and good luck.
What is TVIX, VelocityShares Daily 2x VIX Short
NasdaqGM – NasdaqGM Real Time Price. Currency in USD
Net Assets: 920.92M
TVIX seeks to replicate, the net of expenses and returns of twice the daily performance of the S&P 500 VIX Short-Term Futures index.
The index is designed to provide investors with exposure to one or more maturities of futures contracts on the VIX, which clearly reflects implied volatility of the S&P 500 Index. The ETNs are linked to twice the daily return of the index and don’t represent an investment in the VIX at all.