US Stocks Sink After Taiwan Fires At China Drone...Again "US equity markets erased all their overnight gains. Bond yields initially tumbled on a safe-haven bid, but bounced back after the US macro data." The key takeaway here is that while the pattern recognition analysis is forecasting a Wave 3 of 3 down, a potential "Black Swan" event suddenly appears on the geopolitical radar. It may not be this one, there are certainly plenty of other flash points across the globe that could ignite some "surprise" volatility launching an "out of the blue"market meltdown. UVXY bounced off of its morning low of 10.13 all the way to 10.86 as the market reacted to this headline. That is reason enough for going out to Oct 21st with UVXY calls, it adds five additional weeks (over and above the weeks leading up to Sep 16th expiration) for some s__t to happen somewhere. Recent PRO Picks
