The following is just a small excerpt from my latest Weekly Strategy Session (please click on that hyperlink for details about trying it out). which I published for members and 12631 subscribers this past Sunday.
As gutsy as it may seem, given how seemingly broken the volatility ETF’s TVIX UVXY VXXcan trade, I view any further weakness this week in the VIX as setting up a buying point into June for a long swing trade.
Looking at the multi-year chart of the actual VIX, even in bull markets, the 2003-2007 bull as well as the current one, moves down below 11 on the VIX typically set up at least short-term buying opportunities in volatility.
The VIX is usually known to measure the amount of “fear” in the options market, with a low VIX typically meaning a lack of fear and a high VIX, above 20, indicating an uptick in fear.
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allergen? they should call it allergy
lol funniest joke all day
VXX going to 30 soon
Long term, yes, VXX is going to 30, then 20, then 13, then 4 to 1 reverse split… Short term however the VIX is at some crazy low levels and a 10%-20% pop in the VXX would not be shocking at all.