iPath Series B S&P 500 VIX Short-Term Futures ETNArca
Description
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Notes on chart
Comments
StaniecLukasz
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Does this same pattern show up in the VIX? I find the VXX to be a very skewed product and have had losing positions in the past a result. It's not as correlated as others ex. /Yen and FXY , Euro/$ and FXE. Just my 2 cents but still an interesting idea.
KLang
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I don't know as I don't get intra day on VIX. But I trade VXX, so that's what I follow. It's true the correlation is odd.
StaniecLukasz
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I did a quick correlation test in Excel last summer on the daily close for multiple time frames and the correlation wasn't that great.
I only consider short positions on VXX as I've bled too much trying to get it to piggy back VIX to the upside.
claydoctor
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7 AM est, pre market future US just tuned down 100 points, something's brewing, storm clouds gathering, ruble effects of rate spike to 17%, oil down again, heading to a 4 or a 3 pefix? think your diamond goes up.
YaKa
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Klang. Thx for sharing. what s your gut feeling here over 3 days? market dive or stabilise?
KLang
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I really don't know. I have some shorts on but won't be here all day tomorrow so will look to cover tomorrow.
Trance-Man
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HEHE I am short the VXX as well, Dec 26, 2014 $31 Puts. What does everyone else think?
YaKa
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I personally think short equities, so long VXX.
claydoctor
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Wednesday FDX reports in AM, if they don't beat big time, I say market dips, also FED mtg Tues/wed, friday option expiration, oil not done sliding yet, Russian rates spike, rubble crashing, all says volatility. I had VXX pulling back just a bit (your diamond here), bought early today, and then up again, and today CAT closed below double bottom 90.00 , believe it completes to TL, as K posted earlier, helping VXX up. TZA finished strong. Thanks for that CAT post K, really made me a believer.