as noted inward a recent post.
The bottom nautical chart takes a await at the ProShares Ultra Long S&P 500 ETF (SSO) together with the Ultra Short S&P 500 ETF (SDS). These get got buy the farm pop speculative vehicles for both hedging together with directional trade, given that they movement only about twice every bit much every bit their underlying index. For this reason, amount book betwixt SSO together with SDS (pink line) is a prissy indicator of speculative fervor--and nosotros tin run across how this, similar VIX, tends to rising when the marketplace has been weak (blue line). Wednesday's book betwixt the 2 hitting a record, showing tremendous speculative action (which I translate every bit aggressive shorting together with fearful hedging). Note how amount book betwixt the Ultra ETFs has likewise tended to hold upwards muted at relative marketplace peaks.
Finally, thank you lot to the MoneyShow folks for making my verbalize at the Las Vegas Forex Expo available every bit a webcast. In these turbulent marketplace times, the theme of coaching oneself seems peculiarly relevant.
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