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.
News
Market Summary: Current ICAP Momentum/Trend Model (MOTR) Signal: POSITIVE (Day Count = 5) The SPX Index was essentially flat on the session with intraday price action and internals telling a much more interesting story. The day was one of complete indecision with a high/low spread of 43 points and
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Market Summary: Current ICAP Momentum/Trend Model (MOTR) Signal: POSITIVE (Day Count = 4) The SPX Index was negative for the first session since Nov 5 with a minor loss of 29bps, closing at 5983. Of greater significance, the Index has now stalled the past three sessions in a tight range
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Market Summary: Current ICAP Momentum/Trend Model (MOTR) Signal: POSITIVE (Day Count = 3) The SPX Index gained a modest 10bps during yesterday’s session, closing at 6001. This marks the first close above the 6000 level for the Index and the fourth consecutive all-time closing high. That said, the day
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Market Summary: Current ICAP Momentum/Trend Model (MOTR) Signal: POSITIVE (Day Count = 2) The SPX Index added to the Trump Rally for the fourth session closing +38bps at 5995. The Index did briefly break above previously identified resistance at 6000, hitting an intraday high of 6012. This was also the
Podcast
The conversation delves into the current state of market expectations regarding interest rates, the implications of government spending on inflation, and the outlook for economic recovery. The speakers discuss the likelihood of interest rate cuts, the challenges faced by policymakers, and the impact of government financial decisions on the average
Video
[embed]https://youtu.be/YDAOUrv0_lo[/embed] The conversation delves into the current state of market expectations regarding interest rates, the implications of government spending on inflation, and the outlook for economic recovery. The speakers discuss the likelihood of interest rate cuts, the challenges faced by policymakers, and the impact
News
Market Summary: Current ICAP Momentum/Trend Model (MOTR) Signal: POSITIVE (Day Count = 1) The SPX Index gapped up again yesterday, opening on the low at 5947 and grinding higher for the entire session. The Index was up 74bps on the day, hitting a high of 5983 and closing at 5973.
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Market Summary: Current ICAP Momentum/Trend Model (MOTR) Signal: NEUTRAL (Day Count = 1) I apologize for not having written a note the past two days. I was away from the desk working at the polls and participating in our wonderful election process. Democracy at work!! Quick recap – On Oct 30
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Market Summary: Current ICAP Momentum/Trend Model (MOTR) Signal: NEGATIVE (Day Count = 8) The SPX Index, after a down 1.86% day on Oct 31, attempted to bounce back on Friday. The Index opened up at 5723 and rallied early to a high of 5772. This was 1.22% above
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Market Summary: Current ICAP Momentum/Trend Model (MOTR) Signal: NEGATIVE (Day Count = 7) I wrote on Oct 29, “I do believe that we will see one final push out ahead of next Tuesday. My gut is that there will be a final move to derisk, trim and hedge long exposure.
News
Market Summary: Current ICAP Momentum/Trend Model (MOTR) Signal: NEGATIVE (Day Count = 6) The SPX Index broke above the upper band of the current downtrend channel (see chart), briefly hitting its head at 5850, then reversing to close near the lows (back within the channel) at 5813 (down 33bps). I
Video
[embed]https://youtu.be/I0Fx3Mf3Itg[/embed] In this episode, E.J. Antoni and Anthony Esposito discuss the current political landscape as it relates to the upcoming elections and its impact on the markets. They delve into the financial system's vulnerabilities, particularly focusing on the repo crisis and liquidity