POSITIONS: 11 LONGS, 4 SHORTS @Hedgeye
Fortunately, I can’t call today’s note by any politician’s name – it’s just another signal that we are tagging the low end of our risk range.
Across our core risk management durations, here are the lines that matter to me most:
- Immediate-term TRADE resistance = 1464
- Immediate-term TRADE support = 1444
- Intermediate-term TREND support = 1419
In other words, keep moving – markets are.
Keith R. McCullough
Chief Executive Officer