Weekend Update

The last three of the four years XIV traded during Thanksgiving week XIV is up.  The only down week was the end of a down move in XIV which saw a 400% subsequent move higher.  The VIX term structure looks bullish to go long XIV.  When the structure is in contango, the XIV managers must sell vix contracts to keep a constant 30 days duration.  That pushes XIV higher.

Here is a link that explains it well. http://www.vixstrategies.com/roll-yield-and-why-youre-thinking-about-it-wrong/

We currently have another short term buy on XIV from Friday at $29.14 with a current stop at $29.30, trailing $1.00.

Last week, we had two profitable trades in XIV, and am keeping the stops a bit tight this week, as well.

Our NADEX end of day trades all worked out for us, as well.  The signal is getting pretty reliable.

Took a shot on a buy signal on GDX, but it went nowhere again.  I may pass on going long gold and miner signals until we see the reaction from the Fed meeting.