Saturday, January 24, 2015

One Step Back...01.23.15

Did I mention that the markets are fickle? Just when you think we've got some momentum going things start to go sideways.  Indicators are still positive for  Monday and earnings are on deck for MSFT, APPL and a few other big names that will determine the near term course of QQQ.
Just for entertainment here the new Ponzo 6 month risk profiles for QQQ and IWM.
The Ponzo models have done a great job of alerting us to impending volatility periods so fat this year, and using these benchmarks it would appear that IWM is a more attractive risk bet than QQQ but, as always, things can change dramatically given the right catalysts.