Monday, January 21, 2019

PONZO Updates for XLF and XLU....01.21.2019

Following last week's PONZO forecasts here are the last 2 sector ETFs we will be tracking for a while...XLF (financials) and XLU (utilities).  XLF has been hot for the last week but PONZO suggests a cautious or hedged position near term.  On the other hand XLU looks especially promising for butterfly traders ....a strategy that has been a consistent money maker over the last 2 years.
Tomorrow we'll look at a couple XLU butterfly and debit....using our PONZO generated support /resistance bands.