Tuesday, July 26, 2016

Ponzo Updates ...07.26.16

Apple is up about 7 points after hours and we're likely to see even more gains Wednesday as the short sellers cover their positions.  Once again the "gurus", including the frequent bad guesser Jim Cramer., were wrong.....predicting AAPL would falter badly this quarter.
The Ponzo Updates this week maintain a strong bullish tone with the VIX displaying a rather surprising flatline forecast until the end of the year when odds for some volatility kick in.  This is just odds based forecasting of course and any number of factors could derail these rosy outlooks but for now the momentum is firmly with the bulls.