The correlation of the $RUT to the $SPX and $DIA has recently taken a nosedive. Correlation is a way to see how synchronized two markets are moving. In the chart below, you can see that the correlation indicator on $RUT vs. $DIA has moved to slightly below 0.00; signaling a low correlation. A zero correlation represents randomness. A correlation closer … Read More
Give Me a Break SMB (Part II)
In a past post an SMBU Reader ripped SMB for its exclusive hiring process, in Give Me a Break SMB. This trader recently went on an interview for a prop trading job and was rejected. He vents in this playback of his interview experience. Hi Mike! Remember my previous letter with the same subject? Well, let me tell you how … Read More
