CHART OF THE DAY: It's The Particular That Matters

07/14/20 07:38AM EDT

Below is a chart and brief excerpt from today's Early Look written by Hedgeye CEO Keith McCullough.

In one of the biggest intraday reversals for the NASDAQ (from an all-time high) since March of 2000 (not a good reference point for V-Loving Fed Fans that see no bubbles), Total US Equity Market Volume #accelerated:

  1. +32% vs. Friday’s slow-volume all-time QQQ high and …
  2. +18% vs. its 1-month average

If your friends didn’t know that The Machine moves when 1-day and 1-month momentum moves, now they know. And if all of this sounds like being “in the weeds”, that’s cool with me. I’d prefer to be on SEAL Team 6 than on Robin Tracker with some “charts.”

‘Ok KM, sounds like you might have seen something there that mattered, in a particular market moment, that really mattered to my daily outcome too… but now what?’

A: Prepare to be agile.

CHART OF THE DAY: It's The Particular That Matters - Chart of the Day

© 2024 Hedgeye Risk Management, LLC. The information contained herein is the property of Hedgeye, which reserves all rights thereto. Redistribution of any part of this information is prohibited without the express written consent of Hedgeye. Hedgeye is not responsible for any errors in or omissions to this information, or for any consequences that may result from the use of this information.