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:
- TAIL support = 1267
- TRADE support = 1264
- 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.
Keith R. McCullough
Chief Executive Officer