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NATGAS FUTURES AND ETFs (#BOIL, #UNG)
With US #natgas trading at 2.5y low and wek fundamentals, there is a big growth in positions in gas ETFs: #BOIL (2x levered) and #UNG.
Is it driven by retail bottom pickers? The real story is more complicated. Here ft.com/content/b527f4…… twitter.com/i/web/status/1…
With US #natgas trading at 2.5y low and wek fundamentals, there is a big growth in positions in gas ETFs: #BOIL (2x levered) and #UNG.
Is it driven by retail bottom pickers? The real story is more complicated. Here ft.com/content/b527f4…… twitter.com/i/web/status/1…
For UNG and BOIL we can also see the increase in the share count and market cap ahead of the roll.
What could be the motive for a professional fund to short ETF, instead of doing the same trade via futures?
Aside from mandates/simplicity a fund might expect the ETF doing… twitter.com/i/web/status/1…
What could be the motive for a professional fund to short ETF, instead of doing the same trade via futures?
Aside from mandates/simplicity a fund might expect the ETF doing… twitter.com/i/web/status/1…
Does it matter if the shares are created to satisfy the demand of the short sellers or on demand from bottom pickers (longs)?
I believe it may since the effect on the final futures position could be different:
•When ETF is created in response to demand from the long side (e.g.… twitter.com/i/web/status/1…
I believe it may since the effect on the final futures position could be different:
•When ETF is created in response to demand from the long side (e.g.… twitter.com/i/web/status/1…
Today in the markets
$SPX
An unexpected rally pushed #SPX 50 points higher today on increased volume
We can say it was a successful retest or bounce from the 100DMA
It closed at 20DMA and is now in the "pinch". Tomorrow we'll know which side #SPX is going to come out on
#SPX
$SPX
An unexpected rally pushed #SPX 50 points higher today on increased volume
We can say it was a successful retest or bounce from the 100DMA
It closed at 20DMA and is now in the "pinch". Tomorrow we'll know which side #SPX is going to come out on
#SPX
$DIA
Another rally on higher volume
Today closed above the 20DMA, somewhat bullish if it is able to hold that ground.
Big impulsive green candle, indicating further upside
$DJI #DIA #DIJ $DJIA #industrial $SPX #SPX
#DowJones
Another rally on higher volume
Today closed above the 20DMA, somewhat bullish if it is able to hold that ground.
Big impulsive green candle, indicating further upside
$DJI #DIA #DIJ $DJIA #industrial $SPX #SPX
#DowJones
