Wednesday, October 14, 2015

GSPC (S&P) and QQQ Ponzo Charrts...10.14.15

Per reader requests here are the GSPC (50 year S&P) and QQQ (25 year) Ponzo charts. The idea was that perhaps the GSPC which looks back 50 years might have a different forecast than the SPY ETF which only looks back 25 years (posted yesterday).  Turns out they are pretty much in sync although the GSPC does offer some glimmer of hope at year's end.  The QQQ chart in contrast is almost bullish although this weekend's Barrons magazine featured several articles that were less optimism for tech, especially PC sales.  Keep in mind QQQ is 20% APPLE, which tends to skew the attributes of the other 99 components.