SP500 Levels Into The Close...

11/17/08 03:23PM EST
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
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