Editor's Note: Below is a chart (and excerpt) from today's Early Look written by Hedgeye CEO Keith McCullough.
Since you can see every single move that I make in Real-time Alerts (almost 4,300 signals since 2008), you know that I covered almost every single short position in October and hadn’t moved beyond 3-4 SHORTS in November until yesterday when I doubled that to 8.
...Short Momentum (MTUM) – since this is the #1 SHORT in Quad 4 (when coming from Quad 2 when it was my favorite long), patience and process had me waiting on this puppy for weeks; it finally signaled immediate-term #overbought
...There’s both a FUNDAMENTAL research reason for every move I make inasmuch as there is a timing component to those decisions that’s based on my proprietary QUANTITATIVE signaling process.
No, I’m not saying I’m God’s gift to market timing. I’m just the guy who is 100% transparent and accountable to every move I make. The what, when, and why of what I or anyone does should be based on a repeatable #process.
If I sound like I’m confident in that process, I should be. Some of my more polite critics call me “creative” and “clever” and that’s fine. Call me whatever you want, but don’t call me the consensus that continues to fail at major market turns.