Wednesday, September 7, 2016

PONZO Updates, FXE Spot Check and MVP info....09.07.16

This week's Ponzo updates are modestly more bullish than last week.  As we venture forth into September international factors are coming into play as odds for a FED rate hike continue to rise.
I've attached the FXE (EURO) Ponzo chart following an alert on the Schwab trading desk today on unusual FXE option trades (blow).  The Ponzo outlook for FXE is in contrast with the noted trade but one man's buy is another man's sell so we'll just keep an eye on the EURO, which has become a recent focus of our MVP studies.
Speaking of the MVP ...I've turned on the new Schwab MVP tab to highlight the possibilities in 10 different Schwab no fee ETFs setups. These studies are part of my ongoing work with the local Schwab user group as we seek to develop a robotic trading model using the no fee ETFs.
Note: The MVP introductory price of $250 will increase to $350 on September 15th.