Friday, June 17, 2016


Despite record global risk, transmitted to the U.S. via the overnight futures, "someone" is shorting volatility in record size...

ZH: June 17, 2016
Volatility ETF Volume Explodes Amid Record Volatility Short Interest

I have long suspected that Skynet was shorting the leveraged volatility ETFs as a way of igniting market momentum. Although that causation is not confirmed, correlation appears abundantly evident. 

2x volatility short interest
10 dma 

2x volatility volume (weekly):
"trading in five of the most popular securities linked to moves in the Chicago Board Options Exchange Volatility Index surged to more than 4 percent of total U.S. stock volume, a level that before this week had never been reached once"

In other words, yet more denial...