VXX stopped OUT.....10.30.18

Our skeptical view of yesterday's closing long signal for VXX signal was justified as the markets, rose, dove and then climbed slowly and steadily into the close. We closed our long VXX for a modest .5% loss in the morning session after it looked like momentum buying was kicking in.  Those that played by the rules got stopped out for a 2.3% loss later in the day but avoided the greater than 3% loss incurred by the buy and holders.