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.
"... Putting our immediate-term TRADE signal in the context of long-term TAIL risk:
- US Dollar Index would have to sustain a break-down through the 92-93 level
- CRB Commodities Index would have to sustain a break-out (on accelerating volume) through the 190-192 level
*As of this morning, the US Dollar Index and CRB Commodities Index are trading at 94.55 and 185, respectively."