Editor's Note: Below is a brief excerpt and chart from today's Early Look written by CEO Keith McCullough. Click here to learn more about the Early Look.
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After the 6th down day (for the SP500) in the last 7, my risk management #process is registering some immediate-term TRADE #oversold signals. That’s why I have more LONGS than SHORTS in Real-Time Alerts this morning. What’s an #oversold signal? That’s simply defined as when a market price sells off to the low-end of my @Hedgeye Risk Range. Conversely, an immediate-term #overbought signal is when the price taps the top-end of my range. |
