Sunday, June 30, 2019

Delta Neutral Update and MoDX for Silver and QQQ..........06.30.2019

Momentum's on a rise and volatility is on a fade.  Our "best odds" risk stop has once again retreated to almost 1.0, abou half of where we would expect it to be.  Nevertheless, we're continuing to bank coin with the low risk QLD/QID model and I've arbitrarily set the stop limit at 1.4% in anticipation of a Chinese trade news item (which has already been debunked as of 7 PM EST.
The 2 attached MoDX charts are for the Qs and of my favorite short term options ETFs.

Monday, June 24, 2019

PONZO Update for SPY....06.24.2019

With so much bearishness in the air from the usual talking heads I thought I better run the latest SPY forecast using the PONZO charts.  The outlook via PONZO is NOT bearish although the crap can hit the fan at any time especially if IRAN gets squirrely or if China decides to go mano to mano.
meanwhile the PONZO gold forecast fro just a few weeks ago has proven to be right on although a bit reserved as GLD has already hit the 132 target several months ahead of schedule and its probably best to look for some pullback on that one before initiating any new positions.. 

See PONZO link at the right side if unfamiliar with our benchmark forecasting tool.

Saturday, June 15, 2019

PONZO Forecasts for Gold and Silver....06.15.2019

Following a number of high profile bullish forecasts for gold in the upcoming months I thouhgt it might be instructive to look at the PONZO charts for both gold (GLD) and silver (SLV), since silver tends to follow gold's momentum and can often be used as a confirmation signal, albeit it a lagging one. The mot recent PONZO forecast for gold was dead on so let's see how this one pan's out.
Per PONZO gold looks a bit overbought right now but the long term prospects for both gold and silver look positive. the dip?