Founder & CEO of AscalonVI Capital. 17-year NYSE veteran, Chartered Market Technician (CMT). Frequent contributor on Fox Business, Newsmax, and CNN. Co-host of Policy & Profits podcast.
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Market Summary: Current ICAP Momentum/Trend Model (MOTR) Signal: NEGATIVE (Day Count = 13) The SPX index lost another 76bps yesterday, hitting a low of 5528 and closing at 5572. This intraday low brings the entire peak-to-trough move to -10.07%. No doubt this triggered some degree of a reversion trade
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Market Summary: Current ICAP Momentum/Trend Model (MOTR) Signal: NEGATIVE (Day Count = 12) The SPX index closed down 2.70% yesterday at 5614. The intraday low of 5564 marked a peak-to-trough move of 9.49%. That low also came within 64 handles of my next downside target at 5500. This
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Market Summary: Current ICAP Momentum/Trend Model (MOTR) Signal: NEGATIVE (Day Count = 11) The SPX Index hit an intraday low on Friday at 5666 (down 1.26% from previous close and down 7.83% from peak), then rallied to close +55bps at 5770. The index remains under pressure, smashing through
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Market Summary: Current ICAP Momentum/Trend Model (MOTR) Signal: NEGATIVE (Day Count = 10) Well, that was fun!!! The SPX Index lost 1.78% yesterday, closing at 5738. The low of 5711 represented a test of the previously identified support level at 5700 and a peak-to-trough move of 7.08% since
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Market Summary: Current ICAP Momentum/Trend Model (MOTR) Signal: NEGATIVE (Day Count = 9) The SPX Index rallied 1.12% during yesterday’s session, closing at 5842. Nothing unexpected as the 200dma (ref 5728) and 5700 acted as support after an over 6% selloff in just 9 sessions. Momentum and trend
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Market Summary: Current ICAP Momentum/Trend Model (MOTR) Signal: NEGATIVE (Day Count = 8) The SPX Index closed down 1.22% on the day yesterday at 5778. With a low of 5732, the index essentially tested the 200dma (ref 5725) and was within 32 handles of the previously identified downside target
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Market Summary: Current ICAP Momentum/Trend Model (MOTR) Signal: NEGATIVE (Day Count = 7) The SPX Index hit an early high of 5986, reversed to a low of 5810 (down 2.93%) and closed down 1.76% on the day at 5849. Momentum and trend indicators continue to degrade. Spot VIX
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Market Summary: Current ICAP Momentum/Trend Model (MOTR) Signal: NEGATIVE (Day Count = 6) The SPX Index hit a low of 5837 during Friday’s session and then rallied to close +1.59% at 5954. This “relief rally” makes sense as the index has sold off over 5% in just seven
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Market Summary: Current ICAP Momentum/Trend Model (MOTR) Signal: NEGATIVE (Day Count = 5) The SPX Index lost 1.59% on the day, closing at 5861. The index, as expected and predicted, has now sold off 4.70% (peak-to-trough) in just six sessions. Previously identified support levels have been undercut as
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Anthony joins NewsMax's The Pulse with David J Harris Jr to discuss the Gold Card and immigration.
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Market Summary: Current ICAP Momentum/Trend Model (MOTR) Signal: NEGATIVE (Day Count = 4) The SPX Index closed flat on the day. However, the session was relatively volatile with a high/low range of over 1.3% (77 handles). The index attempted to rally early in the session, tested the 50dma
Media Appearances
Anthony Esposito of Island Capital Investments joins Tomas Philipson, Tom Borelli and Krysia Lenzo on NewsMax for a discussion on tariffs and eggs.