A Major Warning From Tom McClellan : “Can This Possibly End Well?”

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?

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