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.
KM
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.
KM