And you will see $22 fast, then it will slowly leak to $12 again and they will split again. Never, ever go long on the VXX...it's a trap I've personally paid for too many times. Always short it on spikes.
Nicely said Phillip. I find myself usually disagreeing with you at some point but this is exactly how I feel. There is that slight possibility they want to crash markets but think you are right on. Next will be our debt ceiling. That is tougher but Republicans will need to cave in. Everything is lining up for a rally right when QE is ending. How convenient.
Doesn't matter if the Dow spikes 200 or 300 points. It won't be able to hold any gains and will give them all up in a day or two. Like tydurban said1248-1255 is the area you need to be concentrated on and I agree. I won't be short vxx again until the so closes above 1298 again. It's not Greece that has been bringing this market lower over the past 2 months.
Yes, I agree. However, this spike is different then the pass. Can't put my finger on it but someone(computers) whatever saw the trade getting to crowded and took advantage. Can they take it higher to shake out the shorts and clean some house? They already got me playing safer. Will never be short TVIX again without a hedge in place. But even then that hedge wouldn't have worked yesterday. Something odd it going on. Seen it before but this time was different. They always have to muck with the rules of the game to throw curve balls. Can they keep it up and change the way the product works is the question.