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:
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.