Tuesday, November 8, 2016

Ponzo Updates Look Bullish...11.08.16

Following last week's bullish outlook for SPY this week;s update echos the same theme.  AND, the VIX chart looks to be favoring a slide in volatility which would support the bullish argument.
However,,,note the forecast for TLT which is also bullish...and although bonds and equities have been moving somewhat in tandem recently the duration of the bullish outlook in both these charts is unlikely.
Tomorrow is a new day for the markets and following tomorrow's close we may have a better gauge of how momentum will play out for the next 10 days or so.