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 = 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
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Anthony Esposito of Island Capital Investments joins Tomas Philipson, Tom Borelli and Krysia Lenzo on NewsMax for a discussion on tariffs and eggs.
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Market Summary: Current ICAP Momentum/Trend Model (MOTR) Signal: NEGATIVE (Day Count = 3) The SPX Index fell for the fourth consecutive session yesterday, losing 47 bps to close at 5955. To note, the index did test the top of the previously identified 5850/5900 gap with a low of 5908.
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Market Summary: Current ICAP Momentum/Trend Model (MOTR) Signal: NEGATIVE (Day Count = 2) The SPX Index continued its fade yesterday, hitting a low of 5977 and closing down 50bps at 5983. Since achieving an all-time high (ref 6147) and an all-time closing high (ref 6144) on Feb 19, the index
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Market Summary: Current ICAP Momentum/Trend Model (MOTR) Signal: NEGATIVE (Day Count = 1) The SPX Index fell 1.71% during Friday’s session to close at 6013. The index is now below the previously highlighted support levels at 6130 and 6100 while also sitting just above the 50dma (ref 6009)
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Market Summary: Current ICAP Momentum/Trend Model (MOTR) Signal: POSITIVE (Day Count = 4) The SPX Index closed the session down 43bps at 6117. The index did hit a low of 6084, breaking below two of my highlighted support levels at 6130 and 6100. The 6100 level was regained by the
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Market Summary: Current ICAP Momentum/Trend Model (MOTR) Signal: POSITIVE (Day Count = 3) The SPX Index gained 24bps yesterday, closing at 6144. While the gain was modest, it did clock a close well above the previously identified 6100/6130 resistance range. Momentum and trend indicators continue to gradually improve as
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Market Summary: Current ICAP Momentum/Trend Model (MOTR) Signal: POSITIVE (Day Count = 1) The SPX Index was essentially flat on the day Friday, closing the session at 6114. The high came just within a point of the Jan 24 all-time high ticking at 6127. As price tests the top of