Not Good: SP500 Levels, Refreshed

POSITION: Short Consumer Staples (XLP)


On every duration that matters in my risk management model, this stock market does not look good: 

  1. TAIL (1266), broken
  2. TREND (1247), broken
  3. TRADE (1181), broken 

And it may be becoming “consensus”…


But consensus can remain right, longer than some can remain solvent.


I do not think this is 2008. I think some refuse to learn the Globally Interconnected lessons of 2008.


This is 2011, and my most immediate-term TRADE line of support is now 1117.



Keith R. McCullough
Chief Executive Officer


Not Good: SP500 Levels, Refreshed - SPX