All good news is out there now. The market can still go up but you won't see any 100 pt gaps up anymore. If the market goes up it will be slow and gradual and VXX will go down slowly, so it's easy for VXX longs to sell if necessary.
Shorting VXX is more dangerous now. There can be a 200 point gap down any day and VXX can gap up 10% vaporizing shorts instantly.
Seriously? Friday's fantastic consumer confidence number was not "out there".
On the contrary, almost all the bad news is out there, and there's likely not to be any gaps down in the foreseeable future. April is historically the 2nd strongest month of the year. NFP report is coming this Friday, which always decimates VXX. What this means is that you should be short VXX with all the leverage you can manage. It is reckless for you to suggest people go long VXX.
If a short cant VXX going up 10% in a single session they need to stop shorting VXX. it's happened... but having lived through several of these kinds of rides, the most interesting one recently was the panic
near end of year, when one comment by Obama, a rude one relating to the tax law negotations - vxx went up about 15% to $36+ in AH ... but by monday am a deal was in the works and it was down 20% in a day and another 20% by the next week. never looked back.
If you cant handle that kind of ride, get out of vxx.
4.8M share transaction towards day's end. Is that unusual - anything to read from that? It didn't do anything to the stock, +/-. Close to 15% of the day's volume in one transaction with no attendant movement.