QUICK HIT | McCullough: Plunging #Oil, Rising #Dollar & Wayne Gretzky

Editor's note: This is an excerpt from CEO Keith McCullough's morning research. Click here for more information on how you can become a subscriber.

*  *  *  *  *  *  *

We had an immediate term overbought signal yesterday in the U.S. Dollar – backing off at 99.99 (Wayne Gretzky would have been proud).

QUICK HIT | McCullough: Plunging #Oil, Rising #Dollar & Wayne Gretzky - gretz1

 

Equity markets bounced and then accelerated into the close. Big up day for the markets ... lots of counter-trend moves, plus the things that have been working were trending higher.

 

But don’t confuse that with the broader trend here: the U.S. Dollar remains your friend.

QUICK HIT | McCullough: Plunging #Oil, Rising #Dollar & Wayne Gretzky - Dollar cartoon 03.09.2015

 

Immediate term upside to over 100 for USD (finally!), with an immediate term risk range is 97.46-100.31.

QUICK HIT | McCullough: Plunging #Oil, Rising #Dollar & Wayne Gretzky - 03.13.15 chart

 

Oil is getting sacked in the backfield for another loss, down almost a full percent to 46.63. This is actually a big move in standard deviation terms - we have it at 3.6 standard deviations oversold which establishes a lower-high of resistance inside of 50 (49.64 to be exact).

QUICK HIT | McCullough: Plunging #Oil, Rising #Dollar & Wayne Gretzky - Oil cartoon 12.09.2014

 

The two important points today are that the USD has a 100 handle in its risk range and oil at the top end of its risk range is inside of 50….that’s very deflationary

QUICK HIT | McCullough: Plunging #Oil, Rising #Dollar & Wayne Gretzky - Deflation cartoon 10.02.2014

 


UnderArmour: 'I Am Much More Bearish Than I Was 3 Hours Ago'

“The consumer has a short memory.” Yes, Plank actually said this," writes Hedgeye Retail analyst Brian McGough. "Last time I heard such arrogance was Ron Johnson."

read more

Buffalo Wild Wings: Complacency & Lack of Leadership (by Howard Penney)

"Buffalo Wild Wings has been plagued by complacency and a continued lack of adequate leadership," writes Hedgeye Restaurants analyst Howard Penney.

read more

Todd Jordan on Las Vegas Sands Earnings

"The quarter actually beat lowered expectations. Overall, the mass segment performed well although base mass lagging is a concern," writes Hedgeye Gaming, Lodging & Leisure analyst Todd Jordan on Las Vegas Sands.

read more

An Update on Defense Spending by Lt. Gen Emo Gardner

"Congress' FY17 omnibus appropriation will fully fund the Pentagon's original budget request plus $15B of its $30B supplemental request," writes Hedgeye Potomac Defense Policy analyst Lt. Gen Emerson "Emo" Gardner USMC Ret.

read more

Got Process? Zero Hedge Sells Fear, Not Truth

Fear sells. Always has. Look no further than Zero Hedge.

read more

REPLAY: Review of $EXAS Earnings Call (A Hedgeye Best Idea Long)

Our Healthcare Team made a monster call to be long EXAS - hear their updated thoughts.

read more

Capital Brief: 5 Things to Watch Right Now In Washington

Here's a quick look at some key issues investors should keep an eye on from Hedgeye's JT Taylor and our team of Washington Policy analysts in D.C.

read more

Premium insight

[UNLOCKED] Today's Daily Trading Ranges

“If I could only have one thing of the many things we have it would be my daily ranges." Hedgeye CEO Keith McCullough said recently.

read more

We'll Say It Again: Leave Your Politics Out of Your Portfolio

If your politics dictates your portfolio positioning, the Democrats and #NeverTrump crowd out there have had a hell of a week.

read more

Cartoon of the Day: 'Biggest Tax Cut Ever'

President Donald Trump's economic team unveiled what he called last week, "the biggest tax cut we’ve ever had.” Before you get too excited about that hang on a sec. "Trump Tax Reform ain’t gettin’ done anytime soon," Hedgeye CEO Keith McCullough wrote in today's Early Look.

read more

Neurofinance: The Psychology Behind When To Sell A Bull Market

"Most momentum investors stay invested too long, under-reacting and holding tight after truly bad news finally arrives to break the trend," writes MarketPsych's Richard Peterson.

read more

Energy Stocks: Time to Buy the Dip? | $XLE

What the heck is happening in the Energy sector (XLE)? Energy stocks have trailed the S&P 500 by a whopping 15% in 2017. Before you buy the dip, here's what you need to know.

read more