How the price action of Vix Short-term Futures Etn (VXX) is used to our Advantage

September 24, 2021, 13:30 pm ET, BY Rick O.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Our job as #investors is to pay attention to the #stocks we own.  Part of that involves looking at the #fundamentals, but half of the disclosure comes from looking at price action. The  Vix Short-term Futures Etn (NYSE: VXX) data table below can help you with price action, and we have more details too. Trading plans for VXX are shown here too; these plans are updated in real time for subscribers, where this report is static. If you want an update, or a report on a different stock, please get one here Unlimited Real Time Reports.

Longer Term Trading Plans for VXX

• Buy VXX slightly over 24.80 target n/a stop loss @ 24.73. Details

The technical summary data tells us to buy VXX near 24.80, but there is no current upside target from the summary table. In this case we should wait until either an update to the summary table has been made (which usually happens at the beginning of every trading day), or until the position has been stopped. The data does tell us to set a stop loss 24.73 to protect against excessive loss in case the stock begins to move against the trade. 24.80 is the first level of support below 24.99, and by rule, any test of support is a buy signal. In this case, if support 24.80 is being tested, a buy signal would exist.

• NONE . Details

NONE .
There are no current resistance levels from the summary table, and therefore there are no Short resistance Plans which tell us to short upon tests of resistance. Resistance levels have broken higher and unless the stock reverses lower and below support levels again short positions look risky.

Swing Trading Plans for VXX

• Buy VXX slightly over 26.40, target 29.66, Stop Loss @ 26.32 Details

If 26.40 begins to break higher, the technical summary data tells us to buy VXX just slightly over 26.40, with an upside target of 29.66. The data also tells us to set a stop loss @ 26.32 in case the stock turns against the trade. 26.40 is the first level of resistance above 24.99, and by rule, any break above resistance is a buy signal. In this case, 26.40, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

• Short VXX near 26.40, target 24.80, Stop Loss @ 26.48. Details

The technical summary data is suggesting a short of VXX if it tests 26.40 with a downside target of 24.80. We should have a stop loss in place at 26.48 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 26.40, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Day Trading Plans for VXX

• Buy VXX slightly over 25.14, target 26.40, Stop Loss @ 25.08 Details

If 25.14 begins to break higher, the technical summary data tells us to buy VXX just slightly over 25.14, with an upside target of 26.40. The data also tells us to set a stop loss @ 25.08 in case the stock turns against the trade. 25.14 is the first level of resistance above 24.99, and by rule, any break above resistance is a buy signal. In this case, 25.14, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

• Short VXX near 25.14, target 24.80, Stop Loss @ 25.2. Details

The technical summary data is suggesting a short of VXX if it tests 25.14 with a downside target of 24.80. We should have a stop loss in place at 25.2 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 25.14, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

VXX Ratings for September 24:

Term →	Near	Mid	Long
Rating	Weak	Neutral	Weak
P1	0	0	11.04
P2	25.14	26.40	17.24
P3	29.29	29.66	24.80

Support and Resistance Plot Chart for VXX

Real Time Updates for Repeat Institutional Readers:

Factset: Request User/Pass

Bloomberg, Reuters, Refinitiv, Zacks, or IB users: Access Here.