Tuesday, February 14, 2017

GS Updates...VDX and Ponzo...02.14.17

GS continues to run higher...now driven by hawkish comments by Yellen that drove all financials into a panic buying mode today  Last week's bullish forecast caught the cusp of the breakout but now we are into woefully overbought territory.
The Ponzo suggests limited upside potential from this point although various talking heads have suggested GS could double from here in the next 2 years.  MAYBE.
On the other hand reality may soon catch up with hope so shorter term plays are advised.