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
- "Ms. Wantanabe" Bets On Resurgent Yen As PE Cashes Out | ZeroHedge
- S&P Ramp Stalls At 50% Retracement (For Now) | ZeroHedge
- With Greece "Nowhere Close" To Deal, Depositors Pull €300 Million From Banks In Single Day | ZeroHedge
- Poor (as a church mouse) Hillary | ZeroHedge
- Putin Slams US Over FIFA Arrests: "Another Blatant Attempt By The US To Meddle Outside Its Jurisdiction" | ZeroHedge
- It's Official: Austria Repatriates Gold, Confirms Loss Of Faith In Bank Of England | ZeroHedge
- Meanwhile In India, It Is So Hot The Roads Are Melting, "One Billion People Impacted" | ZeroHedge
The most relevant financial news and articles from the Internets
- Broadcom spikes 17% on reported buyout talks (BRCM, AVGO) | Business Insider
- Google played it safe today, and the tech industry is a little worse for it (GOOG) | Business Insider
- Apps for the Apple Watch are about to get a lot better, and we're going to see a preview of it... | Business Insider
- One CEO says these 3 'magic questions' make him a more... | Business Insider
- Notable... | StreetInsider.com
- Why a wife bonus makes complete sense | Business Insider
- BuzzFeed is planning an IPO | Business Insider