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. .
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