If market is up - VXX DownIf market is sideways like today - VXX DownIf market is mildly lower - VXX DownIf market is sharply lower - VXX Up.You have got to have something wrong with you (like I did) to try this guy on the long side. Someday you will lose with a short, but not before profiting handily. ;)
I think you are making a mistake.1. Short at this level and end of April?2. Sure everyone know VXX is a lost value products but shorting into the summer and the month leading up to sell off is MAY?Not too sure if that is a real smart move those. Good luck...
I personally would not short here. I like the double +5-10% days and then a short on this product. Just like a long position, timing is important with this considering +-5% daily moves are normal.
Market SIDEWAY today? Are you sure about this man? :) You just jump off a plane?
+72 pts at 10am +72pts at 3:30pm. Intra-day action so to speak. There is little momentum. I call that sideways. Maybe that's just me.