damoonmotamedi

VXX - Love Affair between VXX and 21 DMA!

AMEX:VXX   IPATH S&P 500 VIX SHORT TERM FUTURES TM ETN
117 0 2
Every time VXX             closed above 21 DMA, market turmoil hits up!
This time couple of strange things are happening as well:
1. US Market just pulled back 2% and VIX             fired up 80%!
2. VIX             is at ~$21 and S&P500             at ~$2080 ( VIX             is too hot)!
3. Volume is not too high!
4. US has decoupled from rest of the world while they are down 20% From All time High, US is down just 3%!
*** Conclusion, I believe the big boys know more (actually earlier) if something really bad may happen. It would be wise to protect your portfolio or sit on the sideline.****
BTW             , I am wondering how high VIX             would go if S&P500             breaks that $2040 level to the downside!
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