etfmsolutions: SPY and QQQ Ponzo Forecast Diverge....01.07.18

Sunday, January 7, 2018

SPY and QQQ Ponzo Forecast Diverge....01.07.18

We haven't looked at the Ponzo Forecasts for 6 weeks so the beginning of the new year seemed like a good time to check in with our market forecasting tool that was deadly accurate last year.
And we have a little surprise....SPY is actually looking more robust than QQQ going forward for the next 18 weeks. Generally speaking the QQQ lead momentum up and SPY follows. However the Qs have been on fore lately, especially the FANG gang, and we may be seeing some risk mitigation to relative values of SPY vs QQQ (especially tech) as we progress into January...typically one of the strongest months of the year.

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