StockFetcher Forums · Filter Exchange · Interesting - VXX:SPY ratio accurately calls recent tops and bottoms<< 1 ... 6 7 8 9 10 ... 12 >>Post Follow-up
Rick67
64 posts
msg #99592
Ignore Rick67
3/10/2011 12:55:40 PM

VXX is the iPath S&P 500 VIX Short-Term Futures ETN.

What is the advantage of using VXX vs. VIX?

Thanks,

Rick

Kevin_in_GA
4,537 posts
msg #99690
Ignore Kevin_in_GA
modified
3/15/2011 5:55:52 PM

No reason not to use the underlying indices:

$VIX:$SPX chart from Stockcharts.com


Here I have used a 15 day time frame for the MA and ROC - cleaner than the 12 day used for the VXX:SPY.

Message for the short term is reasonably clear ...

Eman93
4,659 posts
msg #99705
Ignore Eman93
3/16/2011 6:29:08 PM

Nice!!!!!!!

Thanks for your contributions Kevin, they are truly valuable to me.

Eman93
4,659 posts
msg #99707
Ignore Eman93
3/16/2011 6:51:34 PM

Kevin can you use renko chart format?

Kevin_in_GA
4,537 posts
msg #99708
Ignore Kevin_in_GA
3/16/2011 6:52:10 PM

Eman - happy to help. This particular filter, coupled with a few other things that I tend to pay attention to, convinced me to exit my small cap position and go entirely into 3 month T-bills last Friday. Advised several friends to do the same for their 401k accounts (just in time it looks like).

Today's move on this chart is immense.

Kevin_in_GA
4,537 posts
msg #99709
Ignore Kevin_in_GA
3/16/2011 6:59:18 PM

Eman:

Check out the Point and Figure version of this ratio.

http://stockcharts.com/webcgi/Pnf.asp?S=$VIX:$SPX

Clean and simple ...

mahkoh
888 posts
msg #99745
Ignore mahkoh
3/17/2011 6:24:45 PM

I agree that SPX-VIX paints a far more clearer picture then SPY-VXX. Action in VXX has just been pathetic eversince its inception.

chi-twn
9 posts
msg #99895
Ignore chi-twn
3/26/2011 8:51:56 AM

so if I read this right...one would be long as of yesterday?

Kevin_in_GA
4,537 posts
msg #99904
Ignore Kevin_in_GA
3/26/2011 1:41:56 PM

No, you would have gone long on 21 March based on this Renko chart (very similar to a P&F chart):

http://stockcharts.com/h-sc/ui?s=$VIX:$SPX&p=D&yr=0&mn=6&dy=0&id=p58520667368

Note that you would have gone long SPX after the second red down bar in this chart (you could have gone on the first, but that can lead to more frequent whipsaws).

Like a P&F chart, the Renko chart is not time-based, but purely based on price. It cuts out a lot of the "noise" on a typical candlestick chart, and as such it helps to more clearly identify trends.

Kevin_in_GA
4,537 posts
msg #99905
Ignore Kevin_in_GA
3/26/2011 1:43:09 PM

Note that this is also when one would have gone long based on the cross below the MA(15) on the standard chart.

StockFetcher Forums · Filter Exchange · Interesting - VXX:SPY ratio accurately calls recent tops and bottoms<< 1 ... 6 7 8 9 10 ... 12 >>Post Follow-up

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