POSITIONS: 11 LONGS, 6 SHORTS @Hedgeye
Bullish is as bullish does. And I think we have been very clear on the why. Employment #GrowthStabilizing now has to deliver on Friday.
Across our core risk management durations, here are the lines that matter to me most:
- Immediate-term TRADE overbought = 1511
- Immediate-term TRADE support = 1489
- Intermediate-term TREND support = 1434
That’s why I bought and covered on both yesterday and today’s red market opens. Our quantitative risk factoring supported those decisions.
It’s just our process.
Keith R. McCullough
Chief Executive Officer