As per the request for analysis on VXX from @lkeno in the trading room, my charts on both $VIX (spot VIX, CBOE Volatility Index) and VXX (iPath S&P 500 VIX Short-Term Futures ETN) are below. As the underperformance/tracking error of the volatility/VIX tracking ETNs are among the worst of just about any exchange traded products [...]
A recap of today's price action & recent technical developments in the US equity markets (SPY, QQQ & IWM) as well as a few key sectors ETFs such as XLK (technology), XBI & IBB (biotechs), SMH, XSD & SOXX (semiconductors) as well as the volatility indexes ($VIX & $VXN).
Fundamental & technical analysis on a few key sectors including the automakers, biotechnology, semiconductors, technology as well as the volatility indexes. The following stocks & sector ETFs are covered in this order: F, GM, TSLA, TM, XBI, IBB, PBE, SMH, XSD, SOXX, XLK, TECS, $VIX & $VXN.
The $VIX (CBOE Volatility Index) appears poised for at least a 20-50% gain in the next 2-6 weeks as it has just put in a divergent low while dipping just below the lower end of it's range. Although one can't directly trade the spot VIX (shown below) there are numerous trading proxies such as VIX [...]
I recorded a comprehensive video earlier today covering the charts of the Nasdaq 100 ($NDX), QQQ, as well the top components of that market leading (or until recently) index, covering various time frames on each. The video ran quite a bit longer than expected so I'll post it at the bottom for those interested & [...]
This video ties in some of the recent charts & analysis that I've recently covered on the US equity markets on various time frames as well as the $VIX volatility index. It appears that should the US stock market move even just a percent or so below where it closed today, that would likely trigger [...]
As covered in the July 10th market outlook video, the 2015 market top was preceded by a series of 3 consecutive divergent highs, culminating in one large divergent top on May 20th, followed by a 12.% drop into the Aug lows (or actually a 15%+ drop into the Feb '16 lows before that 2015 was [...]