VUL bottom out a number of times at $2 between October and January just gone. It is now $3.95 And yet whole market shows in summary more seller bids then buying beds. Which gives an overall negativity to the screen. But looking deeper about 300,000 of the selling bids are along way from the money in other words they have been planted there to keep the price from rising too much from scarcity of stock. Further a lot of these selling bids are taken off at close of market and reappear the next day at the same price so they are never purged from the system. So in fact VUL is being accumulated and is in a bullish uptrend so do not look at the selling bids and deduct that it is negative as they are false bids.
VUL Price at posting:
$4.00 Sentiment: Buy Disclosure: Held
