Below is a chart and brief excerpt from today's Early Look written by Hedgeye CEO Keith McCullough.
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Fortuitously, on signals from Floki and my Fractal market gods, I actually sent out Sell Signals on both NASDAQ (QQQ) and Semis (SMH) on green on Friday. So I don’t have to deal with that baggage in the MFO (Mucker Family Office) this AM either. Since it’s a Dollar Up, Rates Up morning ahead of US inflation data tomorrow, I’ll: A) Stay put with my 4 Horsemen = Long Financials (XLF), Industrials (XLI), Materials (XLB), and Energy (XLE)… Oh no you didn’t, you didn’t say SELL Gold for the umpteenth time since SEP 2020 after it went green for a week, did you? The Gold Bugs are as triggered by my position on their precious HODL as someone who is still long TSLA or ARKK (I have sell signals on both). |
