Chart of The Day: Game Time

08/11/09 03:43PM EDT

Bernanke’s Bucks are on the line. We are t-minus 6 trading hours here until game time. To pander, or not to pander, remains the question…

I made the call on The Maintenance Man (Bernanke) in my Early Look today… and to be clear, I want to make it again:

  1. I am short the US Dollar into/out of the next 3-6 trading days of this FOMC statement
  2. I am long most things that anchor on the price of the US Dollar declining
  3. I am expecting group-thinkers to short low and cover high all the while

The US Dollar remains broken across all 3 of our key investment durations (TRADE, TREND, and TAIL). See the chart below for our resistance levels. This is one of my key macro roadmaps:

  1. 1.       TRADE = $79.96
  2. 2.       TREND = $81.03
  3. 3.       TAIL     =  $82.82

Buying red,

KM

Keith R. McCullough
Chief Executive Officer

Chart of The Day: Game Time - km811

© 2024 Hedgeye Risk Management, LLC. The information contained herein is the property of Hedgeye, which reserves all rights thereto. Redistribution of any part of this information is prohibited without the express written consent of Hedgeye. Hedgeye is not responsible for any errors in or omissions to this information, or for any consequences that may result from the use of this information.