This Volatility Fund Is Going To Reverse Split, What Does It Mean

UVXY a volatility fund that has wrecked many accounts is set to do a reverse split next week on 1/12/2017. Since its inception, UVXY has reverse split six times, these funds typically split after a prolonged move higher in the market. The stock market has a tendency to move higher over time, so like every bearish indicator, strategy, etc., they work sometimes but fail a majority of the time. However, when you couple volatility fund reverse splits, a new administration, breadth deterioration, and above all else price action you can start to see what are the probabilities of the possibilities.

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Frank Zorrilla, Registered Advisor In New York. If you need a second opinion, suggestions, and or feedback in regards to the market feel free to reach me at fzorrilla@zorcapital.com or 646-480-7463. 

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