[COMPLIMENTARY] Top 3 Things | Europe / Energy / VIX

BIG Higher-Lows in both USD and UST 10yr Yield this AM – it’s a great day to execute against Counter @Hedgeye TREND moves!

1. EUROPE – Counter @Hedgeye TREND moves are a big (SELLING) opportunity in both Euros (FXE) and European Equities this morning – Top 5 Signal Strength SHORTS (on green) here = France (EWQ), Poland (EPOL), Italy (EWI), Germany (EWG), and Austria (EWO) – Europe is going into a deep (and potentially dark) #Quad4 Recession in Q4
2. ENERGY – I’m not a chaser – I’m a fader – so I bought my Energy (XLE) back on red yesterday (adding it to XLU, AMLP, and TAN on my US Equity Sector Asset Allocations) and remain long of Nat Gas in UNG terms here – Natural Gas has immediate-term upside in my Risk Range towards $9.85 so the asymmetry there is real, especially while shorting something like Airline Stocks (JETS) against it
3. VIX – BIG higher lows in USD, 10yr Yield, 30yr Yield, VIX (22.74-28.38 = Risk Range), and #NazVol (VXN) here, so don’t be triggered by the color of the US Equity Futures – fade them. This is exactly what happened in April AFTER the March Squeeze - #RecencyBias had weak-handed-hedgies covering short-term bounces, fearing the broader one they just endured – 2-3 day rallies were to be #Faded

Immediate-term @Hedgeye Risk Ranges: SP500 = 3; UST 10yr Yield = 3.02-3.40%

KM