etfmsolutions: Ponzo Updates for SPY, QQQ & TLT + Trader's Outlook.........08.06.17

Sunday, August 6, 2017

Ponzo Updates for SPY, QQQ & TLT + Trader's Outlook.........08.06.17

This week's updates forecast a slightly more tepid outlook for SPY and QQQ while the TLT forecast remains firmly in the channel established 2 weeks ago. The historical bias for a summer sell off has so far failed to materialize as the VIX hovers at 10 and incremental new highs are reached. The dollar has plunged below long term support and the low volume slog continues to create a risky trading environment with option premiums at dismally low levels and occasional flash crashes (due to a number of factors) scaring the bejesus out of risk adverse traders.
I've added a neutral range bracket (yellow) for all models set to one standard deviation.
This helps me set up option trading strategies like butterflies and/or iron condors easily.
Trader's Outlook is moderately bearish for next week.

Commentary and Updates

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.

NOTE: Posted risk exposure indicators, signals and metrics apply to Mosaic models only. They are not directly correlated with price movement in the major market indices and can not be used to forecast directional changes in those instruments.
Each Mosaic model is a unique blend of risk factors and must be treated accordingly.

TRENDX is a proprietary Mosaic market signal that blends volume, RSI, momentum and rate of change.

ETF Mosaic Solutions and the editors of Mosaic Solutions are neither an investment advisory service nor registered investment advisers or broker-dealers and do not purport to tell or suggest which securities or currencies readers should buy or sell for themselves.
This site and related software products are for research and educational purposes only, and nothing herein should be construed as an offer to buy or sell, or as a solicitation of an offer to buy or sell securities, or to provide individual investment advice.

Investing is risky and past performance, whether actual or tested, is no guarantee of future results.
Any quantitatively derived allocations referenced herein should only be starting points for conducting your own research.

You are responsible for your own trading decisions and resultant gains or losses. When in doubt, please seek professional guidance from a registered adviser who can respond to your personal needs and risk profile.