I'm looking at vxx just as earnings are through Fed meeting tomorrow with rate cut announcement will cause more volatility along with job numbers and apple earnings ...
Not in VXX In TVIX and UVXY Small positions that I'm going to add more into once the fed meeting and earnings season is over. After earnings season i dont see much catalyst to lift markets higher.
Anyone own a stock where you have had multiple chances of taking profits and never do only to see it come down to where you bought it only to go up and then back down again? I own an ETF that has gone up and down about 4 times in the last year from where I could have sold to take profit, each and every time I havent it has gone back to my buy price, well I'm at that point again where I can take 15% profit. I'm going to take it and I'm sure once I do it's going to surge another 10-20%. Just my luck.
This is my long Russell 2000 ETF- MIDZ Had it since December 2018 Bought around $38. Everytime it touches 43-46 area it drops straight to my buy price.
Tomorrow fed rate decision My guess is a rate cute, of course there is absolutely zero need for a rate cut, however the fed promised another cut so the fed will have to give it or wallstreet will cry like a little bitch.