The VIX Short Term Futures ETN VXX is getting down to a juicy level once again. You should add VXX to your watch list. Each time VXX has hit the $43.65 area it has been a very profitable swing long trade.
It’s too early to buy VXX right now. Remember, don’t try and catch a falling knife. The PPO and the inverted hammer like candlestick on September 12, 2017, both suggest VXX has lower to go. We want a consolidation to happen and then the PPO histogram bars to start rising. As soon as that happens, we have to jump quick for the swing long trade. The trade will happen too quickly for me to get an alert out so make sure to add VXX with the PPO indicator to your watch list. I did a stock trading lesson on watch lists here. Please make sure you review this lesson and how we use watch lists.