Sunday, August 20, 2017

Ponzo Updates for SPY, QQQ & TLT + Trader's Outlook......08.20.17

This week's forecasts have changed only slightly from recent outlooks.  The SPY looks to be more susceptible to a pullback while the Qs remain bullish and TLT has adopted a wider range neutral stance. The instances of potential 5% + pullbacks have increased for SPY and QQQ.
An optimistic earnings season has managed to keep the markets in a buy the dip mood, BUT ...increasing tensions with China & NOKO internationally and a tide of anti-Trump attacks by the media may serve to destabilize an already tenuous political situation nationally.
Trader's Outlook has become cautious in anticipation of volatility rising....a reflection of the TLT forecast adjustment..