Weekly scoreboard for VIX Futures ETPs and S&P 500:
- VXX: +0.61%
- XIV: -1.58%
- ZIV: -1.10%
- SPX: +0.68%
As of the close today all indicators for VIX trades are pretty well balanced, suggesting there aren't any multi-day trades in either direction that are likely to produce a profit with any high degree of certainty. There is still an ever-so-slight bias towards a long XIV position as mentioned yesterday but after today's large move I think it's better to wait for the next set up.
- ZIV: -1.10%
- SPX: +0.68%
As of the close today all indicators for VIX trades are pretty well balanced, suggesting there aren't any multi-day trades in either direction that are likely to produce a profit with any high degree of certainty. There is still an ever-so-slight bias towards a long XIV position as mentioned yesterday but after today's large move I think it's better to wait for the next set up.
