Sunday, September 13, 2009

Time For Another Breather



Indexes look set to take a little breather after the big run they had last week. I am playing index weakness by playing VXX long. VXX is an ETF that mimics the VIX or increase in volatility. We went long VXX late friday afternoon for a trade into monday.
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2 comments:

  1. ShawnSeptember 14, 2009 at 8:44 AM

    Stewie, so your targeted VXX exit price is EMA 20? Thanks

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  2. StewieSeptember 14, 2009 at 10:08 AM

    hi shawn: VXX we bot at 52.75 and sold it at 53.2. it wasn;t a very impressive selloff, so we bailed on it. I honestly thought i could get $2 out of it when i saw the futures this morning. Market is very resilient! gotta respect it.

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