VXX Daily Trend Model 2.0 with EW
VXX Daily Trend Model 4.0 w/EW
Would you buy this stock?
If yes, consider the implications. As VXX rises, the general market falls. Both of these charts are suggesting that VXX is in the early stages of a new uptrend. Conversely, the same analysis suggests that the stock market is in the early stages of a downtrend.
In the first chart, using my default trend settings, there is not much room for the VXX to fall without exiting the uptrend, meaning, the market should start back down from around these levels, or, the fledgling market downtrend is in danger of reversing.
A fascinating, pivotal time in the markets.
Would you by this stock?
7 comments:
Nope. Way to volatile for me, and doesn't track the VIX too well either.
Market feels today
like a few days of correcting in order.
stocks very mixed today.
Maybe the strong stocks will be separating from the weaker ones.... with the strong holding up at support and the weak failing down.
the last few days of strong rally needs a few days of pullback to support levels.
The strong stocks might be good to consider as adding long positions.... but as always,timing is hard to predict.waves havent played out yet
except for the last few days rush longside is wanting the pull back now.
Feels like a day or two of patient waiting is in order.
.....well,NNVC just woke up out of bed... oversleeping 40 minutes
For what itz worth
heres what I'm waiting for these days
PBR to dip a little back to the 37 area to buy more.
XOM same thing to the 62-63 area to buy more
TOT falling further below 50 might be a bargain to pick up.
STO below 21
I'm thinking it may be the time to buy a little oil stocks like these.
Precious metal miners too
on next round of pullbacks.
I'm looking at
EGO
SVM
SLW
GG
AEM
PAAS
JINFF
Biotechs
BTIM on pullback to 7
this is not advice - just what I'm thinking and looking at.
What's going on with CMSI? It's going gangbusters. I can't imagine just for a dividend notice...
Last trade using (2,10) settings on VXX yielded 20% return.
4/28/10 Bought at 20.07
5/12/10 Sold at 24.15
Very, Very Nice!!! Thanks. Allan
Now Friday....market is down Big again(as expected)
But MMRF is Again UP another 15 %
as the market plunges.
interesting.
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