Monday, January 13, 2020

Outlook for SPY and Gold in 2020

Well, its been a while since my last post.  In the meantime I earned a BS in bio-chemistry and am now working with several doctors to run clinical studies on a pain medicine that I developed.  You can read about it   This product has really been a life changer for over 80 folks in my community and word of mouth has led to sales in Australia, Germany. UK, Japan and New Zealand.  Several local surgeons use it on their hands during long procedures and one of the doctors has flyers prominently displayed in his office as testimony of his support.  Anyhow, give it a look if interested.
My father gave me only a few pearls of wisdom in his lifetime of them that has stuck with me all my life is "If you're the smartest guy in the room then in you're in the wrong room."  And so at age 74 I got a BS to complete my other degrees and am now actively working towards a degree in quantum physics.  Hence my lack of time to pursue the markets of late.
Nevertheless, here we are and here are the latest PONZO charts for SPY and Gold.
Both best historical fit projections look modestly bullish with the inevitable pullback most likely several months away.
This happy scenario could all change in a moment should a couple sleeper cells decide to make a dramatic statement of displeasure with the US or if investors wise up to the disconnect between market valuations (price) and earnings, both current and forecast.
Good luck to all in the coming year.