I was stopped of my VXX

 

After Tuesday sell-off,  I elevated the level of my stops, especially in the VXX. Yesterday the rebound was hard and now I'm out of my VXX with a small benefit.

I remain invest in the SDS. If the market can't goes throw 1360 I will bet more money to the downside. Yesterday wasn't a very hard volume session and today we have the ECB rate decision and the Greek final rate of acceptance of the bond conversion. I  don't expect any surprise. ECB will not move neither the rate nor the future expectations and Greek will go on with the "voluntary" bond conversion. I expect a bit more upside where I will bet for the downside with very tight stops.

We will need to look carefully the USD and the commodities. They haven't done an impressive move yesterday and can show the way of the next movement.