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Long Volatility, Short XIV

XIV (Inverse VIX Short-term ETN) looks poised for a drop to at least the 96.61ish area on a break below this 60-minute bearish rising wedge pattern (~11% below current levels). Daily & 60-minute charts of XIV followed by the daily chart of the $VIX, unofficial trade idea. This scenario hinges largely on my recently posted [...]

Oct 17, 2017 1:49pm|Categories: Equity Market Analysis|Tags: , , , , |0 Comments

VIX, VXX & General Stock Market Analysis

As per the request for analysis on VXX from @lkeno in the trading room, my charts on both $VIX (spot VIX, CBOE Volatility Index) and VXX (iPath S&P 500 VIX Short-Term Futures ETN) are below. As the underperformance/tracking error of the volatility/VIX tracking ETNs are among the worst of just about any exchange traded products [...]

May 26, 2017 11:19am|Categories: Equity Market Analysis|Tags: , , , , , , , , , |3 Comments