Cut & Paste with the VXX, again
The iPath S&P 500 VIX ST Futures ETN (VXX) hit a new 12 month low today, touching $20.80 a share. That's almost 20 cents below its previous 52-week low of $20.97 a share.
Everyone has an opinion of why the VIX is so low, how much lower it can go, etc. The point is for you fellow traders to make a mental note and adjust your holdings per your own risk/reward ratio.
At this point in the game Mastery always shed a few shares and reduces positions. As you know, it's not money in the bank until you sell and have that cash in hand. The general consesus is the market is going to keep heading higher. We certainly hope so and subscribe to that bullish theory.
The CBOE’s Volatility Index, or VIX, recently fell 7.2% to 11.69, falling below 12 for the first time this year. The last time it hovered around current levels came in 2007. Mastery advises to not get caught with your pants down. Start watching the VXX and maybe pick up a few shares just for insurance should a bump come along.
Best of the Blogs
Scanning and identifying the best blog entries every hour
- Air Conditioner Failure At CenturyLink Data Center Takes ITG Dark Pool Offline | ZeroHedge
- Lies You Will Hear As The Economic Collapse Progresses | ZeroHedge
- In A Crisis… Wait | Altucher Confidential
- It’s All Yours | iBankCoin.com
- Conference Board Leading Economic Index Sees Fractional Decline in July | Financial Sense
- China's Economy Is... | ZeroHedge
- The Best And Worst Performing Commodities Of 2015 | ZeroHedge
The most relevant financial news and articles from the Internets
- Why the US presidential election is going to be determined by a bunch of cavemen... | Business Insider
- Here's how Windows 10 sales compare to Windows 7 and 8 (MSFT) | Business Insider
- Asian shares follow Wall St higher but China fears linger... | Business Insider
- Serena Williams shrugs off US Open jitters for karaoke | Business Insider
- Energy companies are using the 'Internet of Things' to increase efficiency... | Business Insider
- Here's why Intel can't stop investing in drone companies (INTC) | Business Insider
- The Latest: Women's 20K walk gets things started at... | Business Insider