iPath S&P 500 VIX Short-Term Futures ETN (VXX): VXX appears to be fizzled out. Panic se...

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iPath S&P 500 VIX Short-Term Futures ETN (VXX)

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luisWinthorpIII

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luisWinthorpIII

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Thursday, 04/02/2020 3:00:30 PM

Thursday, April 02, 2020 3:00:30 PM

VXX appears to be fizzled out. Panic selling has expired

Well, the VXX did not gap up past 51 like I expected yesterday. Perhaps it was the promise of increasing oil prices or perhaps yesterday’s sell off was in expectation of the jobless reports today.

Either way, you’ve got soaring cases of Covid, joblessness, and extended periods of quarantine. I still think all of this hasn’t quite set in with investors yet. When it does I still think VXX will approach $60 again. For now I decided to get out of VXX and move on.

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