Owning the HXD, my only personal position, has not been enjoyable the last year or two. I have been dead wrong on this one but you have to take positions in the context of the present and right now I think the HXD is once again an excellent buy. We have dropped a little below the magical $8 level that it hit after the March2009 lows but the RSI is lower than it has ever been for the past 3 years.
The exact opposite applies to the HXU which looks , as it should , exactly like the TSX itself.