Monday, June 12, 2017

Ponzo Updates for SPY, QQQ & TLT....06.12.17

With an impending yield curve reversal looming when the FEDs hike next week (100% according to FED fund odds), the scenario for TLT remains bullish while SPY and QQQ look prone to reversals of yet to be determined magnitude.  The continuing trickle of economic bad news is eventually going to be seen in the markets as valuations reach extreme levels and the historical summertime doldrums kick in.  The VIX continues to behave in a mean reverting manner as we witnessed a 24 year low last week. Trader's Outlook has changed its format and is non-committal this week.