from Zero Hedge
In one of his tweets yesterday, Tom McClellan, creator of the famous McClellan Oscillator and Summation index used by thousands of traders everywhere as a market timing tool, pointed out something disturbing: the number of shares outstanding of the VXX, the VIX tracking ETN, has soared exponentialy in recent weeks.
[…] As McClellan cautions: “VIX futures ETF extremely popular now. Can this possibly end well?“