UVXY
VIX
UVXY can be used as a hedge for market downturns. While the latest GDP figures point to 2.1% growth, the latest unemployment rate of 3.8% should be a concern despite the job creation. Being one from the supply chain industry, some of the forward-looking data points include PMI, LMI. Let us not forget LEI too.
However, given the top crossover at MACD, I will stop hedging till the next bottom crossover.