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From a volatility standpoint, the VIX & VXN have traded in a narrow band since the start of 2013. At the end of January this year, VIX spiked up in a few weeks and Premium Members shorted the VIX, buy purchasing XIV as it was on support. Soon after the purchase XIV, took off and fear levels fell sharply.
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Right before the close last Monday, Premium Members established another position in XIV as it was hitting rising channel support reflected in the chart above. At this time we have a 10% gain in place as XIV is now nearing a resistance test.
Make fear tools and movement your friend, it can really pay off!
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