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Trade Alert – Holding Yesterday’s Positions

by | May 15, 2020 | Daily Trade Alert

Here we go again.

After swinging hundreds of points on Thursday, the Dow is set to drop 220 points.

All thanks to what appeared to be the start of a new trade war with China. Just this morning, the U.S. Commerce Department blocked shipments of semiconductors to Huawei Technologies from global chipmakers. The Department says the “announcement cuts off Huawei’s efforts to undermine U.S. export controls.”

In return, China’s Global Times Editor in Chief tweeted that, “Based on what I know, if the US blocks key technology supply to Huawei, China will activate the ‘unreliable entity list,’ restrict or investigate US companies such as Qualcomm, Cisco and Apple, and suspend the purchase of Boeing airplanes.” In short, things could get ugly again.

The best way to trade a potential new trade war is to stick with the volatility trades we noted just yesterday. Those include the ProShares Ultra VIX Short-Term Futures ETF (UVXY), VelocityShares Daily 2x VIX Short-Term ETN (TVIX), and iPath S&P 500 VIX Short-Term Futures (VXX).

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