SPY Ponzo and VDX Updates...07.15.15

Here's the latest SPY Ponzo Update and I really don't like the "best fit" chart inside the bigger Ponzo risk forecast.  The skew between the high and low range has been increasing over the past months and the odds of a break one way or the other have increased accordingly.
Other than blow out earnings its hard to figure what the catalyst might be for an upside breakout while there's lots of risk factors that might set that best case fit in motion.
There's a new magazine, Modern Trader with some great content provided by a number of real deal hedge fund managers and economist types.  It's not free and the articles aren't downloadable so I can't share but the feature article this month is 10 reasons to sell equities and there's a number of compelling reasons to consider such a plan.
Today we introduce a brand new model performance dashboard on the M3 site along with a new market neutral model.  Hopefully this new dashboard will provide a useful thumbnail of potential risk/rewards scenarios, especially if the markets do start to crumble..

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