Kumowizard
Long

Would you sell volatility in May?

AMEX:VXX   IPATH S&P 500 VIX SHORT-TERM FUTURES ETN
137 5 3
Anyhow, market seems very comfortable to offer into VXX             . I said few days ago, one Swallow is not enough.

I only have one question: Will it make a lower low???
As if it can not, 4H EWO divergence will work out, and next spike above 17,21 will be succesful.

Strategy: in case of a confirmed higher low on 4H, buy 0,5 unit at 16,45 and 1 more unit above 17,21

Key is 17,21! (daily Kijun + 4H Kumo and 100WMA)

ProBucks
7 months ago
you do know that the futures roll in 8 days right?

Unless there's a decent sell-off between now and next Wednesday we'll at least see 1 more new VXX lows before it goes to 17 then 21.

Either way. It's a good buy if you're timeframe is now till E0M
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Kumowizard PRO ProBucks
7 months ago
And you do know that VXX Fund is not rolling all position at the futures contract switch, but they do it with weighting every day?
Otherwise yes, it is possible to see a new low.
In fact I am rather interested in the 17.20 resistance.
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ProBucks Kumowizard
6 months ago
of course. it's a "daily weighted index".

But the contracts that 're-weight' when the VIX futures are about to roll lose extra $$$ in most scenarios b/c the futures are converging lower to match spot.

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leizaola
6 months ago
A pretty dumb idea... If you did that in 2015 you would have dropped 27% and would need a large event like china stock market crash to get your money....
If you did that in 2014, you would have just bled cash all year long..... A bad a idea nicely presented.
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Kumowizard PRO leizaola
6 months ago
It always depends on timing and signal my friend! ;-).
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