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POSITION: Long Consumer Discretionary (XLY, Long Utilities (XLU)

No one said that being a stock market operator in a centrally planned Keynesian world was for the faint of heart. But this continued strength and stability in the US Dollar has positive implications for the purchasing power of Americans. I bought back WMT and EAT today.

Across all 3 risk management durations in our model, here are the lines that matter most: 

  1. TAIL support = 1267
  2. TRADE support = 1264
  3. TREND support = 1218 

So I have TRADE and TREND support (immediate-term) below my TAIL…

And, I guess, that’s what every man needs when managing the implied risks of his birthday.

Cheers,

KM

Keith R. McCullough
Chief Executive Officer

Bullish TAIL: SP500 Levels, Refreshed - SPX