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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Daily Technical Analysis Market Intelligence Report Market Summary The ES1 Index (Generic 1st Month S&P 500 E-mini) lost 1.56% yesterday, closing near the lows at 6557. Price hit an early session high (ref 6791), testing previously identified resistance at the 20dma (ref 6799) and then faded for
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Daily Technical Analysis Market Report Market Summary The ES1 Index (Generic 1st Month S&P 500 E-mini) gained 33bps during yesterday’s session, closing back above the lower Bollinger Band at 6661. Momentum and trend have continued to degrade. My Spot VIX signal remains “neutral”. My VIX Term Structure
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The ES1 Index (Generic 1st Month S&P 500 E-mini) lost another 78bps during yesterday’s session, closing at 6639. The index continues to press through the lower Bollinger Band (ref 6659) as momentum and trend indicators continue to degrade. My Spot VIX signal is “neutral” and, more importantly,
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The ES1 Index (Generic 1st Month S&P 500 E-mini) lost 94bps during yesterday’s session, closing on the lower Bollinger Band (ref 6686) at 6692. While momentum and trend have been choppy and negative over the past two weeks, the index currently seems unwilling to break below the
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The ES1 Index (Generic 1st Month S&P 500 E-mini) lost 7bps during Friday’s session, closing at 6755. The session low ticked down 1.32% from the previous close, slicing through the lower Bollinger band. This low was hit at the start of the cash session. The index
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In a wide-ranging interview on Your News Talk America, Anthony Esposito, founder and CEO of Ascalon Six Capital, dismantled the idea of a proposed 50-year mortgage, calling it financially destructive for homebuyers—especially younger generations. Esposito explained that while a 50-year loan may save about $120 per month compared to
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The ES1 Index (Generic 1st Month S&P 500 E-mini) gained 9bps during Friday’s session, closing at 6753. This close was significantly higher than the late session low of 6655 (marked an intra-day move of -1.36%) and created what I see as a reversal bar ending the
Media Appearances
[embed]https://twitter.com/cmt_anthony/status/1985417811657728225[/embed] Anthony’s Key Points: On Interest Rates and the Fed: Anthony argues that the Federal Reserve has badly mismanaged monetary policy. He points out that 30-year mortgage rates rose from 3% under Trump to 8% under Biden, which he blames on
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Current ACAP Momentum/Trend Model Signal: POSITIVE (Day Count = 6) The ES1 Index (Generic 1st Month S&P 500 E-mini) gained 27bps during Friday’s session, closing at 6874. The low on the session (ref 6843) came within 5 handles of the 10dma (ref 6837) and bounced into the
Media Appearances
[embed]https://twitter.com/cmt_anthony/status/1984685387487592670[/embed] Anthony Esposito says the market expected and welcomed the China deal, but the Federal Reserve is badly mismanaging policy — worsening debt problems, keeping consumer rates high, and making poor decisions on balance sheet management.
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Current ACAP Momentum/Trend Model Signal: POSITIVE (Day Count = 5) The ES1 Index (Generic 1st Month S&P 500 E-mini) lost 97bps, closing at 6855, after hitting a new all-time intraday high in the overnight session at 6953. My Spot VIX signal remains “risk on”. My VIX Term Structure
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Current ACAP Momentum/Trend Model Signal: POSITIVE (Day Count = 4) The ES1 Index (Generic 1st Month S&P 500 E-mini) was essentially unchanged on the session with an open/close spread of just 7 handles but a high/low range of 70. The index close (ref 6922) came just