Today, the Dow, S&P 500, Nasdaq Composite and the Russell 2000 closed down 1.75%, 2.45%, 3.52% and 3.70% respectively. The market sell off is triggered by 10 year treasury note yield surges above 1.5% and investors are selling growth stocks aggressively. After hitting 15.7 in January. UVXY dropped to historical low of 8.24 yesterday in nearly a month of continuous selling. The recent extreme bullish sentiment on the stock market is destine to bring in big market sell off. Sure, enough, the stock market tumble big and the fear gauge VIX ETF UVXY surged over 23.55% to 10.23 today. UVXY's move today is the biggest move since late January while volume is the highest in its trading history. This should definitely bring in more upside momentum. UVXY may have a few more day of upside surge. Its next target is January high at 15.37. It is time for UVXY to shine! However, UVXY is only for short term trading ( a few day to 2 to 3 weeks), when the fear is still there, never hold for long term!
今天，道指，标准普尔500指数，纳斯达克综合指数和罗素2000指数分别下跌了1.75％，2.45％，3.52％和3.70％。 市场的抛售是由10年期美国国债收益率飙升至1.5％以上所触发的。投资者在积极抛售成长型股票因为这种股票最怕是通胀及利率双双走高。恐慌指标VIX 的ETF UVXY在一月份曾经升至15.37， 在连续近一个月的被抛售后，UVXY昨日跌至8.24的历史低点。 近来投资人对股市的极端乐观情绪注定会导致大盘抛售的。 的确，股市今天暴跌，UVXY飙升23.55％至10.23。 UVXY今天的升幅是自1月下旬以来最大的，而交易量则是有史以来的最高单日记录。 这肯定会带来更多的上涨动力。 UVXY可能还有几天的上涨空间。 它的下一个上涨目标是一月高点15.37。UVXY是时候发光了！ 但是，UVXY仅用于短期交易（几天到两三周），当恐惧仍然存在时，千万不要长期持有！
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