Tom McClellan sees some major red flags that the stock market may be headed much lower in coming weeks. According to McClellan, the number of shares outstanding in the iPath S&P 500 VIX Short Term Futures TM ETN (NYSE: VXX) has been an excellent leading indicator for the S&P 500 lately, and the most recent numbers are extremely bearish.
“VIX futures ETF extremely popular right now. Can this possibly end well?” McClellan tweeted on Tuesday along with ...
/www.benzinga.com/analyst-ratings/analyst-color/16/04/7891488/tom-mcclellan-just-a-issued-major-warning-about-the-vix- alt=Tom McClellan Just A Issued Major Warning About The VIX Futures ETF>Full story available on Benzinga.com
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