etfmsolutions: Ponzo Updates & Trader's Outlook..10.01.17

Sunday, October 1, 2017

Ponzo Updates & Trader's Outlook..10.01.17

The big change in this week's Ponzo forecasts is a significant deterioration in SPY. A general trading rule is "don't short new highs", which was the case this week and is now supported by the current technical view of Trader's Outlook . Once again consider what the Ponzo charts actually show...the odds that history will repeat itself based on a technical analysis of what happened in the past 25 weeks over the life of the stock or ETF. Dynamic exigent factors are constantly in play so the Ponzo outlooks might be considered of marginal utility. However, market patterns have proven to be remarkably consistent over time and the fact remains that the longer term Ponzo forecasts for SPY have been dead on since last October.
This week's QQQ and TLT forecasts are essentially unchanged from last week, with TLT hitting the lower band of the 6 month linear regression channel (support) and now poised for a bounce..

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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