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Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives
SPY 691.79+0.6%4:00 PM EST

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To: Claude Cormier who wrote (96790)9/13/2017 11:43:47 AM
From: chainik1 Recommendation

Recommended By
GROUND ZERO™

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VXX is the most popular ETN to short VIX. Before buying, look at its chart - which is ridiculous.

VXX buys VIX futures; because of chronic contango, this means "sell low, buy high" every month = pissing against strong wind.

IMO, VXX (and other "long VIX" ETNs) should be avoided. Just short ES, if you want to bet on market weakness. Or buy calls on GC :)

XIV is a different matter, but right "short VIX" trade is too popular and dangerous IMO.
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