Hedgeye CEO Keith McCullough in today's Early Look:
Are immediate-term #oversold signals within Bearish @Hedgeye TRENDs the beginning of the next bull market?
Nope. The immediate-term #overbought signals in some of our favorite longs (US Dollar and Utilities) weren’t the end of their respective Bullish @Hedgeye TRENDs either.
For those who weren’t positioned for it, this is going to be hard to read, but from a Quad 4 LONG positioning perspective, yesterday was one of the best relative and absolute performance days of 2018.
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