Friday, April 17, 2015

Weekly Ponzo Updates...04.17.15

We had forecast a down day today but were not prepared for the vicious selloff that ensued.  The NYAD opened at .16 and never got past .44....there were just no buyers on this options expiration day. Volume was only about 20% above normal...a bit unexpected given the persistence of the selling. From a strictly historical perspective S2 busting lows tend to be revisited so Monday may see a return to Friday lows with carry over selling.
The Ponzo VDX is testing the BUY threshold although the Ponzo 18 week risk forecast remains skewed to the negative.  M3 is in cash.