CHART OF THE DAY | McCullough: 'How To Be Positioned On The Open Today'

Editor's Note: Below is a brief excerpt and chart from today's Early Look written by Hedgeye CEO Keith McCullough. Click here to learn more.

"... I have some very specific ways to execute winning the next speed round of Monopoly. On the open today, I want you to position your hard earned net worth and liquidity as follows:

  1. BUY Long-term US Treasury Bonds (TLT) ahead of Friday’s #LateCycle jobs report
  2. SHORT the SP500 (SPY) anywhere from here to 1978 for immediate-term downside to 1889
  3. SHORT the Russell 2000 (IWM) anywhere from here to 1070 for immediate-term downside to 991..."

CHART OF THE DAY | McCullough: 'How To Be Positioned On The Open Today' - 03.02.16 chart