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

Instead of focusing on the why, focus on the when. When #NazVol (NASDAQ Volatility) broke out earlier this year, I got out of Tech (XLK) and shorted APPL.

Who or what gets you out? The Signal on that had ZERO to do with The Quads or The Pods.

I didn’t get a “call” on it from Mike at Morgan Stanley either. I simply had the humility to change my mind as the Vol of Vol Signal was changing. And what’s most interesting right now, as we head into the peak of #Quad2 in Q2 is… wait on it…

My #NazVol Signal is breaking down and signaling lower-highs and lower-lows. That’s bullish for QQQ. And I’ll be buying “Value” (Energy, Financials, Industrials) at the low-end of my Risk Ranges again too.

CHART OF THE DAY: #TheSignal | "When" > "Why" - CoD TheSignal  decision hygiene