Monday, July 17, 2017

Ponzo Updates for SPY, QQQ & TLT....07.17.17

This week's updates have QQQ wildly bullish and TLT in a renewed bullish mode.   TLT has undergone a modest pullback recently and may be resuming its previous long term bullish pattern.
QQQ is the standout of the bunch as analysts' consensus favors FANG and its outliers as the GO TO favorites. Discounting the volatility of Tesla and Bitcoin (and the associated risk danger) QQQ valuations continue to frame well above long term benchmarks as the markets talking heads issue daily warnings on the coming market collapse.  Not a time to get heavily vested.