Trader's Outlook is similarly cautious following the election rally, at least short term.
Actionable Risk Opportunities, Tactical Musings and Timing Indicators for Investors
Sunday, November 13, 2016
VDX Updates and Trader's Outlook....11.13.16
After a huge run up the markets may be ripe of some consolidation before a push to new highs. Although the SPY is heavily overbought at these levels the underlying current technicals are neutral to bullish except for treasuries, which are in freefall as yields rise and prospects for a December rate hike loom large. Last week's SPY Ponzo forecast looks more and more likely at this juncture.
Trader's Outlook is similarly cautious following the election rally, at least short term.
Trader's Outlook is similarly cautious following the election rally, at least short term.
