A VXX close today above $43.35 will tigger a system Buy Signal. With the VXX Stochastic indicator beginning to move up out of oversold (see chart) this could be a double barreled Buy Signal. There is a lot of time in today's trading session and VXX has moved up from $37 on Tuesday its current $41.50, in just two days. Closing above $43.35 today is within reason if the market keeps weakening (Dow -250 at the moment). Buy Signal Pending: VXX on a close above $43.35 (currently 41.50) Option: May 15th $50C (currently 2.65-2.70) or May 15th $55C (currently 1.90-1.95) ---------------------------------------- "Pending" Explained Pending means the closing price of the day triggers the signal. But sometimes it is clear well before the close that the price threshold will be met. In those instances there is little risk in taking the trade earlier than the close. In the rare case that price reverses and fails to meet that threshold, simply exit the trade the next morning. If VXX starts running and exceeds $43.35 at any time today, that's a lot of momentum and a good bet we are getting a Buy at the close. VXX & Stochastic Indicator
