BBUS, page-52

The BBUS product is based on the S&P500 futures. The daily percent change of the S&P500 futures resets at something like 7am EDST. So the BBUS opening change is from the futures level at ASX market close the day prior. Hope this makes sense.

Units on issue have been creeping up for BBUS and reduced somewhat in December. I dont know what the broker buffer is for BBUS.  There are other ways to short an index though. 

		BBUS
1	01/01/2017	11,925,000.00
2	01/02/2017	6,825,000.00
3	01/03/2017	7,425,000.00
4	01/04/2017
5	01/05/2017
6	01/06/2017	8,325,000.00
7	01/07/2017
8	01/08/2017
9	01/09/2017
10	01/10/2017
11	01/11/2017	11,250,000.00
12	01/12/2017
13	01/01/2018	10,350,000.00
14	01/02/2018	12,000,000.00
15	01/03/2018	12,675,000.00
16	01/04/2018	11,925,000.00
17	01/05/2018
18	01/06/2018	11,100,000.00
19	01/07/2018
20	01/08/2018
21	01/09/2018	15,000,000.00
22	01/10/2018	16,425,000.00
23	01/11/2018	15,675,000.00
24	01/12/2018	13,050,000.00
25	01/01/2019	11,925,000.00
26	01/02/2019

Keep your eye on S&P500 company earnings. So far the corporate earnings are not too bad for the last quarter. There is a concern that next quarter might not be so great, especially in a rising interest environment and yields inverting. The things I see wrong in the US is trade war, corporate/gov debt, aging demographics and highly priced growth type stocks. The world is slowing, it wont stop but growth will be difficult and not what it has been.

I reluctantly opened a small position in BBUS today having been mostly long since Christmas eve. My chart suggests a chance to the downside by the 26th Jan as we are end of the formation which meets a longer-term resistance line . https://invst.ly/9u795. I'll add some more BBUS nearer my upper marker. I have a stop loss at 2725. .