Short Volume Ratio = Short Volume / All Volume. Source of Short Volume data comes from
FinraMoving Average Convergence/Divergence oscillator (MACD) is one of the simplest and most effective momentum indicators available.
Relative Strength Index (RSI) is a momentum oscillator that measures the speed and change of price movements. RSI oscillates between zero and 100. According to Wilder, RSI is considered overbought when above 70 and oversold when below 30.
Plus, a clutch of exchange-traded funds ceased to trade during the holiday week.
Bank of Montreal (TSX:BMO)(NYSE:BMO) today announced that it will implement a reverse split of the ETNs listed in the table below, expected to be effective as of December 2, 2022.
There were also some expense ratio changes and share splits.
Bank of Montreal (TSX: BMO)(NYSE: BMO) announced today that it will implement a 1-for-50 reverse split of its outstanding MicroSectorsTM U.S. Big Oil Index -3X Inverse Leveraged ETNs due March 25, 2039 (the "ETNs"), expected to be effective as of April 11, 2022.
Also, a host of changes to ETF names, indexes and tickers.
The oil market could face one of the largest supply overhangs in modern oil market history in April. This indicates that the worst might not be over yet.
Wall Street has been witnessing a tough ride this month due to U.S.-China trade conflicts, weak global economic data, low inflation and political unrest in Hong Kong.
Amid bearish fundamentals, many investors have turned bearish on the energy sector and are seeking to tap this opportunity. For them, an inverse or leveraged inverse play on energy or oil could be an excellent idea.