Since Thursday afternoon, I have made 19 consecutive sales (long sales and short sales) in the 'Hedgeye Portfolio'... with the SP500 at the top of my trading range, I am incrementally bearish. At the bottom of that range, I am incrementally bullish. This isn't my religion. This is my investment process with volatility (VIX) running in the high 60's. This is a market that needs to be traded.
See chart below for my updated levels post the 3PM refresh of my model's pricing:
BUY "Trade" = 839
SELL "Trade" = 901
The "Shark Line" is the great white dotted one on this chart up at 927. Beware of it.