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
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Kevin_in_GA
4,599 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 ...
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Eman93
4,750 posts
msg #99705
- Ignore Eman93 |
3/16/2011 6:29:08 PM
Nice!!!!!!!
Thanks for your contributions Kevin, they are truly valuable to me.
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Eman93
4,750 posts
msg #99707
- Ignore Eman93 |
3/16/2011 6:51:34 PM
Kevin can you use renko chart format?
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Kevin_in_GA
4,599 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.
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Kevin_in_GA
4,599 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 ...
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mahkoh
1,065 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.
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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?
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Kevin_in_GA
4,599 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.
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Kevin_in_GA
4,599 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.
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