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
- Complexity Of Fed Message Resumes Rising: FOMC Words Increase From 707 To 734 | ZeroHedge
- Gameplan for Scared Money | iBankCoin.com
- Surprise... Everyone Was Wrong About The End Of QE | ZeroHedge
- Russian Stocks Soar 17% - Most Since 2008; Ruble Back Below 62/USD | ZeroHedge
- Oil Wars: Why OPEC Will Win | Financial Sense
- Dollar Consolidates as Oil Slide Continues | Financial Sense
- A Pessimist's Guide To The World In 2015 | ZeroHedge
The most relevant financial news and articles from the Internets
- UK-Based Social Media Monitoring Company Brandwatch Has... | Business Insider
- Here Are 3 Big Policy Changes In US-Cuba Relations | Business Insider
- Putin Now Faces 'One Of Those Guns Or Butter Moments' | Business Insider
- After... | StreetInsider.com
- A Texas Plumber Is Getting Threats After A Truck... | Business Insider
- Lego Is for Girls | BusinessWeek
- Japan trade deficit shrinks 31.5% on-year in November | Business Insider