Tuesday, October 27, 2015

SPY Ponzo Update still negative for the year....10.27.15

After hours Apple reported cheery results but the stock only popped 50 cents so far so the enthusiasm is muted to say the least.  Tomorrow is another FED day but the Fed fund consensus for a potential rate uptick is only 6% so the market's pretty written this one off.
SPY Ponzo is still negative for the year and last week's credit spread is alive and well.
Tomorrow we will post this week's credit spread idea.