There was no follow through on yesterday's strong close, presumably due to the Greece credit collapse. The Euro was actually up but the Chinese markets plummeted (6.5% at one point).
Once again we're swimming in a sea of uncertainty with occasional whirlpools of optimism.
Here's the latest on the QQQ Ponzo update. I'm spending a lot of time developing a couple new models based on QQQ since the QQQ forecast appears much stronger than the SPY....which is a characteristic of a bull market. It may all end in tears but for now we're looking at a two pronged approach using a market neutral strategy (the options Butterfly band) and the LVQ incremental daily model posted yesterday. Tomorrow I'll post the weekly version of the LVQ going back 7 years so it includes the 08-09 crash. I think you'll see the merit of this incredibly simple system.