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 Momentum/Trend Model (MOTR) Signal: NEUTRAL (Day Count = 1) The SPX Index closed up 40bps yesterday at 5745. Price action was bullish as the Index broke and closed above the previously identified resistance level of 5733. Unfortunately, internals did not confirm this move as the ICAP Momentum/
Podcast
Everything is fine, just fine...until you follow the model, listen to liars and analyze the chart.
Video
[embed]https://youtu.be/kNDS5_YJLkw[/embed] Everything is fine, just fine...until you follow the model, listen to liars and analyze the chart.
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Market Summary: Current Momentum/Trend Model (MOTR) Signal: POSITIVE (Day Count = 5) I continue to focus on the near-term support/resistance range derived from the Sep 19 range of 5686/5733. Although the SPX Index did hit an early session “head fake” high yesterday of 5741 it quickly broke back
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Market Summary: Current Momentum/Trend Model (MOTR) Signal: POSITIVE (Day Count = 4) The SPX Index gained a very modest 25bps on the day, achieving another closing all-time high at 5732. As I wrote in yesterday’s note, I am focusing on the support/resistance range of 5686/5733 (see chart)
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Market Summary: Current Momentum/Trend Model (MOTR) Signal: POSITIVE (Day Count = 3) The SPX Index was relatively subdued yesterday, quietly gaining 28bps and achieving an all-time closing high of 5718. Spot VIX remains pressed, closing at 15.89 as Term Structure slides deeper into “risk on” territory. My ICAP Momentum/
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Market Summary: Current Momentum/Trend Model (MOTR) Signal: POSITIVE (Day Count = 2) I was very “wordy” last Friday and the chart was looking like a bowl of my mother’s spaghetti (throw some beef and pork ribs on top please). That said, I did some cleaning and will be to
Podcast
Anthony and EJ discuss the manufactured and manipulated reality of the market, led by mediocre and politicized talking heads; such as Yellen and Powell.
Video
[embed]https://youtu.be/I9Xw5jPktFg[/embed] Anthony and EJ discuss the manufactured and manipulated reality of the market, led by mediocre and politicized talking heads; such as Yellen and Powell.
News
Market Summary: Current Momentum/Trend Model (MOTR) Signal: POSITIVE (Day Count = 1) The bearish nature and structure of the Sep 18 bar turned out to be a massive head fake (for yesterday at least). The SPX Index gapped up on the open, hitting an intraday and all-time high of 5733
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Market Summary: Current Momentum/Trend Model (MOTR) Signal: NUETRAL (Day Count = 1) The SPX Index had a massively wide and volatile intraday range yesterday with a peak-to-trough spread of ~1.30%. Post 2:00PM EST the index rallied to an all-time high of 5689 only to spin and churn its
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Market Summary: Current Momentum/Trend Model (MOTR) Signal: POSITIVE (Day Count = 3) The SPX Index has now rallied almost 5% from the Sep 11 low (ref 5406) to yesterday’s high (ref 5670). Yesterday’s high was also a new all-time high by about one point (razor thin). As the