Sunday, February 19, 2017

VDX Updates and Critical Reading...02.19.17

This week's VDX updates mirror last week's outlook with the the SPY overbought and the VIX and TLT in a trending neutral mode. The financials nay be starting a new ramp in expectation of Trump's mystery tax plan to be announced around end of this month.
It may be the case of buy the rumor sell the news.
Trader's Outlook is again neutralish and Tuesday should tell the tale for the rest of the week.
Here's the latest from .Mauldin..Its long on detail and economic history and focuses on the BAT and the possible consequences....quite scary actually. Some interesting references to the Hoover years and what went wrong there should serve as a warning going forward.