The CCI system (which unofficially has been a day early lately) is going short on the close. The JTS will remain sidelined in cash. Thus, the JT Comp system is moving to a 50% short position on the close using TNA (short) or TZA. With VXX down 10%, it would be tempting to play for a bounce there, but contango is too strong and it could just as easily keep sinking into the abyss.
I'm as disappointed as anyone to have not caught this move in XIV. But on the bright side, we were safe in cash and lost nothing. I know that's little consolation. Oh well, that's trading. See ya tomorrow!