Why wouldn't everyone just short this?Ok i completely understand that double and triple etf's are corrosive. They are in no way meant to be INVESTED in.
I day trade them everyday. I have never played with HOU and traded some (long) today. But now i am really interested.
I understand that shorting these 2x,3x long term is a pretty much sure thing.
I also understand that (shirt) pairs/box trading the opposing etfs is even safer.
But HOU seems to be a REAL SURE thing. In that you can gaurantee the short term future direction by understanding the futures trading. There are no shortage of etf virgins lining up to give their money away.
So Tgarfield. You must be short. Why not go and bet the farm? What am i missing?
Would a MAJOR supply/inventory disruption change things? I think so.
And i think the futures are predictive (in a contrarian way) that we will see something major.. soon.