Tuesday, April 19, 2016

PONZO Updates for SPY, VIX and TLT...04.19.16

If you believe the markets are irrational, non-linear and highly manipulated then you'll love this week's updates which have SPY wildly bullish, the VIX modestly bullish and TLT basically in a stalled consolidation pattern. So far earnings haven't been great although that hasn't stopped the market's recent low volume climb. IBM earnings report generated considerable selling and the Qs are looking weak relative to SPY and IWM (for now).  Later this week a number of big tech firms report and then on the 25th Apple reports in the face of declining expectations.
Expect considerable volatility thru and beyond that date.