Tech continues to be the standout winner on above average volume, driven by the FANGs and semis.
Trader's Outlook maintains a bullish bias based on the number of new highs and the development of new overhead resistance in many of the indices.
Actionable Risk Opportunities, Tactical Musings and Timing Indicators for Investors
Monday, November 6, 2017
Ponzo Updates and Trader's Outlook...11.06.17
The SPY forecast is deteriorating per this week's Ponzo outlook while QQQ maintains a bullish bias and TLT climbs back into out butterfly channel. As we move forward with a low volume, low volatility milieu (VIX hit 9.14 Friday) the primary trend remains neutral to bullish as the historically strongest months of the year kick in.
Tech continues to be the standout winner on above average volume, driven by the FANGs and semis.
Trader's Outlook maintains a bullish bias based on the number of new highs and the development of new overhead resistance in many of the indices.
Tech continues to be the standout winner on above average volume, driven by the FANGs and semis.
Trader's Outlook maintains a bullish bias based on the number of new highs and the development of new overhead resistance in many of the indices.
