Wednesday, January 20, 2016

Ponzo Updates for SPY, TLT and the VIX...01.20.16

No hairy bottom this morning as the VIX pops up 11% at the open and the NYAD starts the day at a distinctly bearish .08.  There just aren't any buyers. SPY is down >2% and is below the S2 pivot.
This week's Insight has proven to be a welcome treat for TLT players.
Even the resilient XLU has turned down this morning as suggested yesterday.
The new Ponzo updates retain our previous bearish theme bias for the foreseeable future (30 days) as market prognosticators ponder how low we can go.