Saturday, November 25, 2017

VXX Volatility Futures ETN Weekly Chart

The VIX flash crashes to a record low at 8.56 on Friday, 11/24/17, at the closing bell at 1 PM EST (early close on the day after Thanksgiving). The VIX recovered immediately in the flash crash and finished at 9.65. The global central bankers maintain their jackboots on the throat of volatility which creates perpetual lift in the stock markets.

The volatility ETF and ETN trading instruments are flawed. If you are a novice trader, or any trader for that matter, stay away from these plays on volatility since you will lose your money. A $10,000 play in VXX 6 years ago will get you 31 dollars and 64 cents today. Ditto for 3x ETF's; avoid all of these flawed tickers as well. Stick to single ETF's and if you feel adventurous perhaps give a 2x ETF a whirl but stay in this more sane sandbox.

Volatility is crushed lower year after year by the central bankers to maintain elevated stock markets. The central bankers are the market. This information is for educational and entertainment purposes only. Do not invest based on anything you read or view here. Consult your financial advisor before making any investment decision.

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