Thursday, January 28, 2010

TYP -- 3x Technology Bearish ETF

A lot of volume coming in here. That's good I think, but there is the concern that higher volume in a leveraged product like this denotes increased retail interest, which all things equal I usually see as contrary indicator. I'll leave this undecided, I don't think I've been following these 3x ETFs long enough to really know what means what.

And by the way, if you want leverage against Tech, it would probably be more cost efficient to short Nasdaq 100 emini futures contracts. I'm assuming everyone knows the story with these leveraged ETFs by now right?