POSITIONS: none in Sector or US Equity Index ETFs
Now What? Sometimes the answer to that question is another series of questions.
Will we continue to make lower-highs? What if we make a higher-high on no-volume? What if Bernanke drives for Oil $150 and a Weimar #GrowthSlowing redo?
I don’t know. From a US Equity beta risk management perspective, all I can tell you is where I buy/cover and where I sell/short.
Across the core durations in our model, here are the lines that matter to me most:
- Immediate-term TRADE overbought = 1419
- Immediate-term TRADE oversold = 1402
- Intermediate-term TREND support = 1389
Simplicity born out of complexity.
The Fed, ECB, and their Bailout Beggars would have to embrace uncertainty before accepting how chaos theory drives our real-time decision making.
Keith R. McCullough
Chief Executive Officer