Tuesday, January 26, 2016

MoPonzo Updates on SPY and VIX....01.26.16

This week's Ponzo updates reveal a forecast characterized by odds for increasing volatility as the projected trading ranges have expanded in both SPY and the VIX and perhaps more significantly, the forecast for a steady erosion of the VIX that we saw last week has now been replaced with much more iffy scenario options. We continue to flounder in a sea of macroeconomic uncertainty and are now (for the short term) at the mercy of earnings reports and guidance. Not a time for big positions.