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Thursday, 3 January 2019
iPath S&P500 VIX Short Term Futures ETN (NYSE: VXX): Price Satisfaction Achieved to end Fear and Resume Bull Market
iPath S&P500 VIX Short Term Futures ETN (NYSE: VXX):
Price Satisfaction Achieved to end Fear and Resume Bull Market, 3 Jan 2019
Today someone sent me a message to tell me that my 21 November 2018 analysis on VIX and VXX fear index protection buy was spot on and that VXX has hit price satisfaction target for taking of profits at $48.75. I would like to congratulate everyone on this VXX market hedge using fear index. I would like to add further analysis that this is the region to end the fearful correctional shakeout that lasted from October of 2018 to January of 2019. Any hovering of VXX around $48.75 is for selling off VIX and buying of stocks. We are not in any bear market. In addition, the Super Root of All Funds Flow does not allow for any equity bear market at this stage of the market cycle. If you have VIX bearish protections, it is the time to take profits. As for stocks, the correction is ending, the fear was healthy and is not bear market of any sort. Do not succumb to fear-mongering out there.