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: NEUTRAL (Day Count = 1) The SPX Index was down just 5bps on the day, closing at 5851. As benign as that seems, the session was a bit more volatile with a wide high/low range of 5863/5821, a break of
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Market Summary: Current ICAP Momentum/Trend Model (MOTR) Signal: POSITIVE (Day Count = 8) The SPX Index was down 18bps on the day in what was an indecisive and relatively sloppy session. The high/low spread for the day was 42 handles while the open/close spread was just five. The
Podcast
In this episode, Anthony Esposito and E.J. Antoni discuss the current economic landscape, focusing on inflation expectations, consumer debt, interest rates, and market positioning. They analyze the disconnect between Fed policies and consumer realities, highlighting the rising debt levels and the impact of political dynamics on market behavior. The
Video
[embed]https://youtu.be/6umtyRhSMAw[/embed] In this episode, Anthony Esposito and E.J. Antoni discuss the current economic landscape, focusing on inflation expectations, consumer debt, interest rates, and market positioning. They analyze the disconnect between Fed policies and consumer realities, highlighting the rising debt levels and the impact of
News
Market Summary: Current ICAP Momentum/Trend Model (MOTR) Signal: POSITIVE (Day Count = 7) The SPX Index gained 40bps on Friday closing the week at 5864. Although the Index gained 85bps for the week while marking some new all-time highs, resistance at 5878 continues to hold. This is concerning and as
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Market Summary: Current ICAP Momentum/Trend Model (MOTR) Signal: POSITIVE (Day Count = 6) The SPX Index was relatively unchanged on the day yesterday, closing down just 4bps from the previous close. This close to close move aside, the Index was heavy all day opening near the session high (ref 5875)
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Market Summary: Current ICAP Momentum/Trend Model (MOTR) Signal: POSITIVE (Day Count = 5) The SPX Index gained 47bps yesterday, closing at 5842. The 5800 support level was tested and held for the second day in a row with a low of 5808. On a near-term basis I remain very focused
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Market Summary: Current ICAP Momentum/Trend Model (MOTR) Signal: POSITIVE (Day Count = 4) I wrote in yesterday’s note that “the Index seems to have additional upside from current levels. A break above 5878 (resistance) sets up for a potential test of 5970 and 6000. I would think this is
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Market Summary: Current ICAP Momentum/Trend Model (MOTR) Signal: POSITIVE (Day Count = 3) The SPX Index continued its rally with a +77bps day closing at 5859. The session high was 5871, just 7 points from the previously identified upside target of 5878. As I said in yesterday’s note, risk
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Market Summary: Current ICAP Momentum/Trend Model (MOTR) Signal: POSITIVE (Day Count = 2) As I stated in the Oct 10 note, “the Index seems poised to break higher through the 5800 level with a retest of 5760 (now support) likely to occur first. I am watching for that re-test and/
Video
[embed]https://youtu.be/WYxr_9_JhJM[/embed] In this episode, Anthony Esposito and E.J. Antoni discuss the current economic landscape, focusing on inflation, jobless claims, and the reliability of economic data. They explore the implications of these factors on individual households, retirement savings, and investment strategies. The conversation
Podcast
In this episode, Anthony Esposito and E.J. Antoni discuss the current economic landscape, focusing on inflation, jobless claims, and the reliability of economic data. They explore the implications of these factors on individual households, retirement savings, and investment strategies. The conversation highlights the disconnect between official economic data and