Monday, October 20, 2014
Cam Hui gives me some useful data: SPXU
Well, Cam Hui is long SPXU.
"What's SPXU I wonder?" asks the ever-curious me. See, that's how I preserve my braincells - constant curiosity and learning.
OMG it's an ultrashort SPX. He's ultrashort the S&P. Great way to work that timing model, dude! Use ultras for that extra kick! Or something!
Hey, that's one heck of a surge in volume these past few weeks, no?
It's almost as if someone thought that shorting the S&P is a no-brainer, no?
Man, look at all those people who were buying at SPXU>$53 on Wednesday and Thursday. They must feel really clever right now.
Here's the weekly:
With the caveat that the volume shown here isn't price-based but share-based, that's still close to a high in volume.
Now remind me... is the market supposed to reward the largest number of participants?