201609.12
Off
13

VXX Forecast 9/12/16

 

The iPath S&P 500 VIX ST Futures ETN (NYSE:VXX) is an instrument that lets you take a directional position on the levels of volatility in the S&P 500. Our models showed that we were nearing historic lows in volatility and our position would have profited nicely from a return to “normal”.

Our forecast was dead on, but a radical NEW LOW in volatility was set which stopped us out before price went RIGHT to our profit target! That’s frustrating for sure, but just a part of this business…