to not short VXX on a spot VIX jump of 25% would be criminal on my behalf especially consdering I didnt have any VXX short in my account.
When I saw VIX at 25% and VXX up 11% I couldnt help myself! up a nice 2% since my move this morning. It could be short lived.
JUst keekp in mind - todays sell off is welcomed by 90% of active fund managers. I call it a 'relef' sell off. The big boys wanted a sell off since most of them missed the low volume rally the past month.
Any postive news now from Europe caould spark a 2-3% pop in SPX.
The amount of money in T-bonds is insane. This money will flow into stocks, just dont know when the T-bond bubble will pop.
you misread what I wrote - I shorted a small amount, I am hoping VXX goes up so I can short more. I will love to see a +20% pop from here. Contango is still high. Today my account is down 1% vs 1.7% in the S&P. I am comfortably beating the market. I am still net short financials and russell.