We Recommended VXX at $16 Pre-Correction & it Rose 97% in 2 Weeks

In the first half of August before the market correction I vehemently warned investors to: raise cash levels; avoid the temptation to purchase dips in the market; and to buy the iPath S&P 500 ST Futures ETN (NYSE: VXX) at approximately $16. The stock market corrected shortly after my recommendation, with the investors in the VXX having a best case gain measuring 97% if sold at $31.48 intraday on September 1st. I closed my initial VXX long position (call options) during the correction in August at a significant profit. As I produced this report, the VXX security traded at approximately $24 and still offered a 50% profit to early stakeholders who might still be holding the security. Given the greater likelihood of Fed inaction versus the probability of action this week, and as I anticipate a higher likelihood of a market rise on such news than the possibility of decline, I’m suggesting investors still holding the VXX sell the security and take profits now if they have not already done so. The VXX should fall swiftly in the event of a change in market sentiment to the positive. If you would like to keep some hedge in place due to an expectation for a Fed surprise, I suggest doing so with a much smaller stake and still recommend taking your cost and a good deal of your profits out of the VXX now if you have not already done so. See the full report on the VXX security here. In case you missed it, I predicted the market correction. 

Article also interests investors in ProShares Ultra VIX ST Futures (NYSE: UVXY), VelocityShares Daily 2X VIX (NYSE: TVIX), VelocityShares Daily Inverse VIX ST (NYSE: XIV), VelocityShares Daily Inverse VIX MT (NYSE: ZIV), PowerShares QQQ (Nasdaq: QQQ) and SPDR S&P 500 (NYSE: SPY).

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