Below is the "Chart of the Day" from today's Early Look and a brief excerpt written by Hedgeye CEO Keith McCullough. If you're interested in learning more about how we approach protecting and growing our capital, make sure to download Keith's free 52-page eBook below.

We’ll see if my 2% position in QQQ survives this week. If it does, it does. If it doesn’t, it doesn’t. There are plenty of other Asset AllocationsFactor Exposures, and Sector Styles to consider on sale this morning, don’t forget.

CHART OF THE DAY: We Took Our Nasdaq $QQQ Position to Its Minimum Last Week (Watching This Morning) - cod

CHART OF THE DAY: We Took Our Nasdaq $QQQ Position to Its Minimum Last Week (Watching This Morning) - Master the Markets Email Banner