This week's Ponzo updates reflect some divergence from recent forecasts.
We now have a black swan type scenario on SPY, not imminent but still looming as geo political tensions ramp up and increasingly expected volatility pops in the Fall pose a risk for vested positions.
QQQ looks slightly less optimistic than recent posts although the downturn last week really didn't impact the index significantly. FANG stocks are increasingly at risk so keeping an eye on support levels in critical.
TLT has suddenly become significantly more bullish, moving out of its narrow range consolidation and despite numerous talking heads droning on about the impending collapse of the bond market.
Trader's Outlook is bullish and reflects the obvious....bull trend still intact but increasing risk makes the whole investment game a precarious undertaking.
Thursday saw the biggest daily volume (and volatility) since February. Friday's recovery was iffy both in terms of strength and volume with many likely holding their breath over the weekend waiting to see if NOKO is going to grace us with a nuclear winter or Yosemite delivers a blast to end civilization as we know it. (readers in the Dakotas take heart....you've got good odds for survival....the rest of us are toast).