PONZO Updates for March....02.02.2019

Here are the PONZO forecasts for SPY, QQQ and TLT...our major focus indices. The outlook has actually changed significantly since our last look with the SPY and QQQ decidedly bullish and TLT decidedly bearish.  Fixed income has been faltering recently and the forecast for TLT suggests that continued weakness is the likely path.
The talking heads are screaming "CASH" with a warning that mid March will see a new opening for the bears.  Actually...nobody knows and the motives of the prognosticators are always suspect since no one ever fesses up when they make a lousy call.  That's why we trade strictly data driven strategies based on volatility and mean reversion triggers.  Recent economic data has been weak with retail suffering major hits but the trickle down effect has not yet set it.  When it does...watch out below.