VXX is currently trading at around $16.25 in the afterhours. It's probably on the way down to its recent lows. However, contango is way under 10% and will probably stay under 10% when VXX gets to new lows. Crap happens when VIX contango is under 10%.
VXX had a big reversal off the high but VIX contango looms
Started by
Charvo
, Mar 27 2017 07:00 PM
2 replies to this topic
#2
gannman
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Posted 28 March 2017 - 12:35 AM
i think stocks are setting up for what could very well be a final rally. today probably market the end of the correction. will be watching this rally closely
if it is mediocre we are set up for that crap you are talking about imo anyway
feeling mellow with the yellow metal
#3
Charvo
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Posted 28 March 2017 - 02:05 AM
i think stocks are setting up for what could very well be a final rally. today probably market the end of the correction. will be watching this rally closely
if it is mediocre we are set up for that crap you are talking about imo anyway
I think QQQs go to new highs. I'm not sure about the S&P and the Dow.
TLT is a big key for me. If it doesn't drop off the cliff here but hangs around, I think it's an indicator of a reversal of the bond to stock trade the last few months.
