CHART OF THE DAY: If You Think This Is Bullish, You Need A Process

10/26/22 07:37AM EDT

Below is a chart and excerpt from today's Early Look written by CEO Keith McCullough. 

I know. We just had another 3-day bear market bounce that most are obsessing over. Don’t confuse their panic short-covering (and in some cases buying GOOGL calls into the print) with my obsession.

I’m obsessed with staying in it to win it across the Full Investing Cycle.

Fully loaded with yesterday’s bounce to lower-highs, I’m assuming everyone knows that the NASDAQ is still in full-send Crash Mode at -30.3% from its all-time bubble high with -8.7% of immediate-term downside.

CHART OF THE DAY: If You Think This Is Bullish, You Need A Process - qqq

© 2024 Hedgeye Risk Management, LLC. The information contained herein is the property of Hedgeye, which reserves all rights thereto. Redistribution of any part of this information is prohibited without the express written consent of Hedgeye. Hedgeye is not responsible for any errors in or omissions to this information, or for any consequences that may result from the use of this information.