etfmsolutions: Ponzo Updates and Trader's Outlook......09.02.17

Saturday, September 2, 2017

Ponzo Updates and Trader's Outlook......09.02.17

New Ponzo forecasts continue uber bullish themes for SPY and QQQ while TLT remains in a relatively delta neutral longer term linear regression channel (see below) with butterflies and/or iron condors high odds options setups (when TLT gets back to mid channel).
As the talking heads continue to predict market Armageddon by mid October and a risk on strategy looks fraught with danger the market maintains a slow, low volume, bullish churn.
Volatility is pulling back (once again) leaving it difficult to find even modest premium payoff situations. Compounding this frustration is the rise of new algorithmic trading firms that account for more and more of daily market volume while confounding traditional technical analysis indicators. After over 30 years of trading I'm finding the current markets difficult to decipher and, more importantly, difficult to find a tradeable edge.
For my own risk tolerance a delta neutral approach provides the most comfort (I like TLT).
Trader's Outlook is once again bullish.

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.

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