UVXY Unable to break above the top channel price has turned toward an attempt to touch the lower channel at around $11. If it gets close we can move the Buy stop down to $12, otherwise it remains a live trigger at $14. Buy UVXY Aug 19th calls on a close above $14 (1/2 position) and again on a subsequent close above $16 (second 1/2). If both triggers hit on the same close, consider Wave 3 down in full force and effect and trade accordingly, i.e., hold all short stock market positions tight. TSLA Earnings due out after the close on Wednesday July 20th. While we have spent the summer obsessing about a Wave 3 down in stocks, TSLA has been laying the foundation for a $2-3 Trillion market cap., up to 4X current valuation. Although a lower "Wave C" is possible, it may already be in. The good news is that the with the stock doubling and then doubling again, being a little late on new calls will barely be noticed. TSLA Calls Best bets for "Short-term" trading:
