Tuesday, December 13, 2016

M11 Books a Double Header and Ponzo Updates...12.13.16

Yesterday's M11 Momentum picks of SPY and XLU booked some nice gains today...redeeming itself from Friday's picks..  Some days are diamonds.....
The Ponzo updates have turned bullish again with the VIX forecast flat (the Black Swan scenario has disappeared) and a bottoming pattern in the Treasuries (TLT) STILL in a confirming mode.....we just have to watch out for TLT falling off its support ledge after the FED rate hike tomorrow.