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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Current ACAP Momentum/Trend Model Signal: NEUTRAL (Day Count = 3) The SPX index gained 27bps during yesterday’s session, hitting a new all-time closing high at 6512. Momentum and trend are steady/improving. My Spot VIX signal remains “neutral”. My VIX Term Structure signal remains “risk on”. The ACAP Momentum/
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Current ACAP Momentum/Trend Model Signal: NEUTRAL (Day Count = 2) The SPX index gained 21bps on the session yesterday, closing at 6495. The session was relatively quiet as the high/low range of 6508/6483 was tight and well within Friday’s range of 6532/6443. Momentum and trend indicators
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Current ACAP Momentum/Trend Model Signal: NEUTRAL (Day Count = 1) The SPX index lost 32bps during Friday’s session, closing at 6481 (previously highlighted resistance level). This modest loss came after the index hit yet another all-time intraday high at 6532. My momentum and trend indicators continued to improve. My
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Current ACAP Momentum/Trend Model Signal: NEGATIVE (Day Count = 4) The SPX index gained 83bps on the session yesterday, closing above 6500 at a new all-time closing high of 6502.08. There was some confirming improvement as well in my momentum and trend indicators. My Spot VIX signal is “neutral”
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Current ACAP Momentum/Trend Model Signal: NEGATIVE (Day Count = 3) The SPX index gained 51bps on the session yesterday, closing back above the 10dma (ref 6444) at 6448. Momentum and trend indicators continue to degrade. My Spot VIX signal flipped back to “neutral”, returning +1.87% on the trade. My
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Current ACAP Momentum/Trend Model Signal: NEGATIVE (Day Count = 2) The SPX index lost 69bps during the Tuesday session, closing at 6415. The low on the day ticked well below 6400 (ref 6360) but the index managed to recover over 50% of the early session losses by the close. Momentum
Media Appearances
[embed]https://twitter.com/cmt_anthony/status/1963333099179446375[/embed] The housing market is taking the brunt of Jerome Powell's inaction.
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Current ACAP Momentum/Trend Model Signal: NEGATIVE (Day Count = 1) The SPX index lost 64bps during Friday’s session, closing at 6460. The 10dma (ref 6444) once again acted as firm short-term support as the index hit a low of 6444 and bounced. Momentum and trend indicators are struggling to
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Current ACAP Momentum/Trend Model Signal: NEUTRAL (Day Count = 4) The SPX index gained 32bps on the session yesterday, closing at 6501. My momentum and trend indicators continue to improve. My Spot VIX signal and VIX Term Structure signal remain “risk on”. The ACAP Momentum/Trend Model signal remains Neutral.
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Current ACAP Momentum/Trend Model Signal: NEUTRAL (Day Count = 2) The SPX index gained 41bps on the session, closing at 6465. My momentum and trend indicators improved slightly. My Spot VIX signal and VIX Term Structure signal remain “risk on”. The ACAP Momentum/Trend Model signal remains Neutral. The index
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Current ACAP Momentum/Trend Model Signal: NEUTRAL (Day Count = 1) The SPX index lost 43bps during yesterday’s session, closing at 6439. My momentum and trend indicators are flat. My Spot VIX signal and VIX Term Structure signal remain “risk on”. The ACAP Momentum/Trend Model signal shifted to Neutral.
Media Appearances
[embed]https://youtu.be/9AvRfhrrYts?si=WE2u11rRB25ZHkaq[/embed] Anthony Esposito walks us through the ins and outs of the markets, sans EJ Antoni, who is now heading up the BLS. The charts don't lie, and the movement clearly shows that the Fed should be cutting rates.