Tuesday, January 10, 2017

Ponzo Updates...01.10.17

This week's Ponzo forecasts continue the theme from the past 5 weeks, positive momentum with relatively low volatility.  The SPY outlook has become less optimistic for the next 2 months than previous views but we are not seeing the wild outlier scenarios in either SPY or the VIX that characterized the early December posts. There's talk of a post Inauguration sell off but little technical evidence to support such a case...at least not right now.