I'm so very close to pulling the trigger on an add to to VXX calls, but if I did it would be to the May monthly $43, not the weekly $40's, in fact I'd like to get rid of those ASAP.
The market is looking like this, the one thing holding me back is IWM 1 and 2 min charts, they are in line, you'll see the 3 min chart.
Also note TICK intraday.
SPY intraday has STAYED negative.
QQQ 1 min, but the action has been on the 3 min
QQQ 3 min
IWM 3 min while the 1 and 2 min are still in line, this is bothersome.
The TICK failing the move up post FOMC
And VXX 5 min leading positive to an even greater degree.
I'm glafd I do have exposure to VXX, just trying to be extra careful in adding.
Is interest rates about to start going up?
-
Yes, I know - it does not make any sense - FED is about to cut
rates...but....real world interest rates are not always what FED wants it
to be.
5 years ago
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