etfmsolutions: New Highs on SPY and DIA.....07.12.16

Tuesday, July 12, 2016

New Highs on SPY and DIA.....07.12.16

Another day of risk on trading with new highs on SPY and DIA and a collapse of TLT...all actions confirming both our weekend VDX templates and the PONZO forecasts. Technically the markets are overbought but with earnings kicking in and Alcoa leading the pack with good news the likely scenario here will be to buy pullbacks...until proven otherwise. Are there danger spots? Yes and real estate may be one.
Below is the current M6 short term mode of the full spectrum beta markets.

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Mosaic Solutions commentary is typically published daily as time permits and market action warrants.
Posts feature Mosaic model updates including delta neutral stops, VIXEN directional trades and PONZO forecasts.

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