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
- The Window For The iBC Investor Conference Is Closing | iBankCoin.com
- Forget "Lower For Longer", The Fed's New Message Is "Sooner But Slower" | ZeroHedge
- Weekday Wrap-Up: Supercomputers, Corrections, and Converging Cycles | Financial Sense
- New York, New Jersey Begin Mandatory Quarantines In Ebola Response | ZeroHedge
- Tech Bellwether IBM Sees Big Earnings Miss | Financial Sense
- On Europe (Or The 28 Stooges) | ZeroHedge
- The Growing Concern Of Home-Grown Terrorists | ZeroHedge
The most relevant financial news and articles from the Internets
- Unusual 11 Mid-... | StreetInsider.com
- US students fight for lives after latest school shooting... | Business Insider
- War-scarred Ukraine counts down to key vote | Business Insider
- War-scarred Ukraine votes for pro-Western future | Business Insider
- Mexico's Drug War Is Entering A Dark Phase | Business Insider
- Wanderers in fairytale run to AFC Champions League final... | Business Insider
- 1 mn join Rome protest against Renzi job plan | Business Insider