VXX – Buy signal update
Courtesy of Allan
Below a follow-up of the April 28 VXX Buy signal:
VXX Daily Trend Model
Maybe more significant is the Weekly Trend Model, which has been on a Sell signal since May 4, 2009. Here is the weekly chart:
VXX Weekly Trend Model
All of my stock index models that recently went Short in their Daily Models are now knocking on the Exit door of their respective Weekly Models. Should those models flip to Short (with VXX flipping Long on its Weekly Model), I will be all-in on the short side.
Allan’s newly launched newsletter, “Trend Following Trading Model,” goes with his trend-following trading system. Most trades last for weeks to months. Allan’s offering PSW readers a special 25% discount. Click here. For a more detailed introduction to the Trend Following Trading Model, read this introductory article.
