CHART OF THE DAY: Why We Signaled Short Oil & Gas Stocks In RTA

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.

 

"... A) Mostly all of Consensus Macro missed calling the long-term breakout in USD (and commensurate commodity #Deflation)

    B) But, on shorter-term durations, consensus is right back in the saddle now, Short USD and Long Oil

    C) And this is happening as both the Long-term support for USD is holding inasmuch as long-term resistance for Oil is

 

So… in addition to keeping shorts on (in Real-Time Alerts) where Earnings Season is our catalyst, maybe what I should do is just buy Dollars, short Oil & Gas Stocks (XOP), turn off my screens for a week…"

 

CHART OF THE DAY: Why We Signaled Short Oil & Gas Stocks In RTA - 04.13.16 chart


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