Wednesday, November 2, 2016

On a Precarious Ledge...11.02.16

OK...so that wildly bullish SPY Ponzo forecast isn't working out that well.  In fact we are on a VERY precarious historical tipping point.  The odds are now for a bearish rout with evidence that institutional clients have been in that mode for almost 6 months.
The M6 market update is clearly defensive to bearish in both momentum and mean reversion modes.
New revelations about Clinton shenanigans with POTUS, the DOJ, New York Times, CNN, etc have her prospects dimming fast as Bill Clinton's secret son has now apparently emerged.
The election next week will be interesting