Archive Category: Max Profit Alert Archive

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I have important news to share with you related to the iPath Series B S&P 500 VIX Short-Term ETN (NYSE: VXX), the long-volatility vehicle I recommended buying call options on yesterday. Barclays, the issuer of this exchange-traded note, announced yesterday that it had suspended the creation of new shares until further notice.

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My team and I are knee-deep in research today, so this will be a brief update.

Yesterday was wild! The tech-heavy Nasdaq 100 was down more than 5% at its lows. Then it rallied in the afternoon to close up! Large-range reversal days like that typically mark the lows of sell-offs. Reversals tell us two important facts: 1) Sellers are exhausted and don’t wish to continue selling stocks at lower and lower prices. 2) Buyers are now willing to step in aggressively and pay higher and higher prices.