VXX which I covered yesterday in which I like it a lot (long) as we have open calls as well as UVXY equity long ideas/positions, is starting to look very interesting. Yesterday I wanted to see a little more broadening out of the reversal process from the last couple of days, it's working on that and its moving toward the kind of charts I said yesterday I'd like to see before calling it a new or add to position.
I'm putting out a USO post right now that has a number of charts, and I'll get to VXX next, but I wanted to give you a head's up to take a look at VXX/UVXY long. I'm not saying this is the perfect moment, otherwise I'd have a Trade Idea out, but it's looking darn good and really has my attention.
5 years ago
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