iPath S&P 500 VIX ST Futures ETN Message Board
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Same here. I really thought we'd get a reverse from last year where the market went straight up and then corrected, so I had a bearish posture. Thought it might go straight down and then bounce. Boy, have I paid the price. I know how those hedge fund guys feel when they lag the market big time. Of course they have million dollar estates to enjoy while they're doing it!
About ready to throw my hands up now. No idea what's going on. valuations are very high and the data is showing a strong chance of a recession, which could take the S&P back under 1300 if it happens. - Reply to
Realistic VXX target if S&P goes to 1426 where it began the year?
by nefariouswu •Apr 18, 2013 12:06 PMWell we have already done 20% off the low in VXX. A truly impressive move, no two ways about it. Getting that feeling like it wants to go up every day for a while now. Not sure if I think it will get back to 32 area where it began the year though.
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We looking at close to 30 on this thing?
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How many contracts? I am amazed how strong this has been. Keeps bouncing back. Could see market rally back a bit here and get this back in mid 6's soon.
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Looks like she may have some legs this time. Looking at 23, 24 area to add to short position. Not sure it will get there but market action is looking a little grim, although the bounce off today's lows has been violent. Maybe this is just another hiccup before new all time highs? I don't think anybody knows what is going on right now.
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VIX at 20 probably puts VXX at 24, maybe 24.50. I'm surprised- this is a heck of a run on this thing.
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Let's see which way this swings, could be 20.50 or 22.50 close.
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What is finally here? A big move up? if so why did you sell your VXX? Generally when the VIX gets this close to 20 it has been a reliable sell signal for VXX.
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Is there a number you're looking at for the high over the next month or two. I have plenty of dry powder to short more but am waiting because I think it will hit around 22 before the next decline.
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Are you selling based on levels of the spot VIX, the S&P, or something else?
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VIX is almost 16, seems like it might be a good time to cash it in.
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Dunpumpin,
Some day there will be an unbelievable crash. Talking 60% of the S&P's value in a couple weeks. It may come a couple years from now. I hope everybody except for you avoids it. -
You make your UVXY losses back?