Archive Category: Max Profit Alert Archive

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.

It’s hard to believe this is our last Home Run Profits note of 2021. I guess what they say is true: “Time flies when you’re having fun!” It’s been an incredible year, and I appreciate the opportunity to work for you.