I know some of you will be fading the gap. While that may be a good strategy, you don't know if the gap will continue to trade down.You want to go with the trend and not against it.See comments for P&F charts for the VIX.
beanie,Name you time frame and I will bet you that SLX or MOO will outperform PBW.
3 years from now:PBW from 25 to 100 (hell yeah!)SLX from 88 to 350MOO from 53 to 210NLR from 39 to 155Which is more likely? PBW, back up 9 trucks.Btw, PBW is an etf. Nothin wrong with 50% of your money in it. Just watch the sector and watch the chart for developments.