SVXY

SVXY came down today to test the 21DMA before finding support in the last 30min of trading. Price remains above the mid-point of the donchian channel as we enter the October earnings season. We can expect an elevated level of volatility as companies report this month. Those looking to establish a position in this market are buyers on these large price expansion days.

SVXY

Looks like SVXY found support yesterday at 72 and is challenging the recent resistance at 75.05 ... if price breaks resistance then next target is 79.27

SVXY

Volatility continues to slowly rise this morning seen here on the 30min chart of SVXY. Recent support has been near the 50% fib retracement level at 67.38 ... a return to this level would be a good buying area for a longer term hold into late October.

SVXY

I have been following SVXY for a number of years and find it to be a very good long-term investment instrument based simply on the principle that the markets spend more time in low volatility periods. Sure there are times when volatility will get elevated for short periods of time but in my observation the percentage gain in this market over time is much larger than other trading instruments. Therefore, I will begin sharing my thoughts and trade setups re: this market in hopes that it will help others to learn how to invest and using both stock and options to improve their portfolio performance.