iPath Series B S&P 500 VIX Short-Term Futures ETN Stock Discussion

PCE report cane out better than expected and next week the holidays begins.  Closed these short with nice profits for now and see what happens in the new year.  I suspect S&P may rebound in end Dec to early Jan.
Still holding SOXS, SQQQ, and QID, may sell later today.  However NASDAQ seems weaker than S&P.

Holy cow, what a drop on markets after Fed speach!  Looks like the market correction had begun.  My 2x and 3x shorts on SPY and QQQ bought this week are having a very good run.  VXX shot up 20% which I bought last Friday.  
I think market will continue to fluctuate but trending to the downside.  Congrat to those not chasing the hype on rate cuts and those whom took the opportunity to short the markets.
Cheers

Hope everyone is having a good weekend.
On Friday, the markets looked very tired and exhausted for moving upward.  The volumes were veey small and on a  Friday, normally the buy the dippers should float the markets up.  However we did not see rhat.  Even semicon chip  stock AVGO had a monster pop, up 25% the NASDAQ was only up 24 points and S&P 500 ended the day flat.  FYI , AVGO is a number 8 stock on market cap right after the mag 7.  AVGO is also a trillion market cap chi...

Just sold and close my VXX position for small profits, approximately 6%.
I believe S&P is still in topping process and may go up to 6100 to 6200 before any significant corrections downwards.  Will buy back later for greater volatility and greater profits.

There are lots of people predicting the market crash to happen.  However, I don’t think market correction will happen before the US Presidential election.  In my opinion there are probably another 4% to 5% upside for the stock markets as we progress into the election.  Gold and silver both are also trading at its peak.  precious metals may trade side ways for now with little bit of upsides and eventually all markets will have its overdue corrections downwards together in...

just after my last post VXX had a nice jump up so I decided to close and took profits.