This is the second part of my May trade and I attempt to break up my holdings.
VXX is based on the volatility index and is an inverse reflection of the S&P500. Currently, the market is pretty bullish and I expect it to continue at least for the next month. My strategy is to not go for the high-risk, high-reward trades. But steady high probably trades that I can...
VXX is sitting at all time low levels. It was 700% more expensive in March 17, 2020.
Do you think the volatility will reach those levels once again?
The ETN offers exposure to futures contracts of specified maturities on the VIX index and not direct exposure to the VIX index or its spot level. The index is designed to provide investors with exposure to one or...
No lines, no mess here, just a simple concept.
If a VXX/VIX at this low, with an up-trending volume doesn't make you uneasy.. I don't know what to tell ya..
Market optimism is a wonderful thing and personally I love the days more when I have a bullish attitude (because who wouldn't want to support the economic success of everyone?), but I also...
US dollar index is rising overnight. S&P was rejected at 3800 and on the way down since, futures see m to confirm the trend.
VVX has been looking for a bottom, while stock squeezes in GME and AMC could catalyze further volatility. Large scale rotation out of tech stocks will add to the volatility, especially if the recent uptick was a bull trap....
VXX tried to push up for the 4th time on March 4th and put in a climax buy bar.
Price broke below that climax buy bar yesterday and now price is set to head
lower. Looks like it might go and try to test the low of January and February
of last year around 13.75.
This is good news for the indices as prices are more likely to head higher.
Also, just read that a...
Yesterday I've played an alternative VIX instrument.
I've tired to searching good ROI or P/L rates at VIX $20 VIX support, so I've searched some alternative, but VIX related instrument.
Lets see what can give us this BARCLAYS BANK VIX Short ETN (=VXX)
(1) Yearly support + incoming buy volume
The lowerst value of the previous year was $13.
In the past month...
Took a small profit on the VXX this morning after spotting hidden bullish divergence in the VIX yesterday evening. Opened a small position again on the pullback to support in anticipation of a small bounce the upper trendline of this descending sedge pattern. Holding off on opening long positions until this burns out tomorrow AM. LONG VXX SHORT market.
Just an update on how the VXX has slowly worked its way down and is now back to the same levels as January 2020.
If you look at the RSI levels, the is a higher low pattern that emerges before a spike. It looks like the same thing is starting to appear...