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

Today (and yesterday, all day) was a day to be selling.

Yep, as greenlights (low-end of my Risk Ranges) turn into yellow lights (top-end of my Risk Ranges), I de-gross and tighten up my net. Net Long exposure, that is.

What are you going to do today? What did you do yesterday?

Whatever you did, make the best probability-weighted decisions within the risk managed rules of your hard-earned #process and the beautifully new and interconnected data you’ve received.

CHART OF THE DAY: Red Lights Emerging  - Chart of the Day