The VXX Short-Term Stochastic trade model trades off of the hourly chart and as the VXX chart below indicates it is coming around to generating a fresh Buy Signal. Entering a stochastic trade is a little trickier than entering a system trade since the signal is triggered off of an indicator, not a price threshold per se. VXX opened today's session at 37.49, its high has been 38.76 and it's currently trading at 38.21. A Buy Signal will be confirmed upon any tick (at any time) above the high at 38.76. Short-Term Buy Signal Pending: VXX (above 38.76) Option: May 15th $40C (with alternative strikes in table below). Note: VXX trades tend to win big or lose big, with not much in-the-middle outcomes. Allocate capital accordingly.
