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Current ICAP Momentum/Trend Model (MOTR) Signal: POSITIVE (Day Count = 1) The SPX index gained 1.67% on the session, closing at 5375. While this move was impressive, the close did come well off the day’s high (ref 5469) and below the previously highlighted resistance level at 5400. That
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Current ICAP Momentum/Trend Model (MOTR) Signal: NEGATIVE (Day Count = 2) The SPX index gained 2.51% on the session yesterday, closing just below 5300 on the 10dma at 5287. The Apr 21 low (ref 5101) tested 5100 and represented a peak-to-trough, four day move lower of -6.55%. The
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Current ICAP Momentum/Trend Model (MOTR) Signal: NEUTRAL (Day Count = 6) The SPX index gained just 13bps during Thursday’s session, closing at 5282. Price action overall was relatively subdued with the day’s low (ref 5255) falling right on the 10dma (ref 5256). As I mentioned last week, for
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Current ICAP Momentum/Trend Model (MOTR) Signal: NEUTRAL (Day Count = 5) The SPX index fell 2.24% during yesterday’s session, closing at 5275. This close came well below the previously identified resistance level at 5400. In fact, as I wrote yesterday morning, “I would focus on the 5400 level
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Current ICAP Momentum/Trend Model (MOTR) Signal: NEUTRAL (Day Count = 4) The SPX index struggled to advance further during yesterday’s session, closing down 17bps and below the previously identified 5400 resistance level. There seems to be decent supply in the 5400/5500 range as the index is fading these
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Current ICAP Momentum/Trend Model (MOTR) Signal: NEUTRAL (Day Count = 3) The SPX index gained 79bps during yesterday’s session, closing at 5405. Price action was somewhat lackluster, hitting a mid-day low of 5358, then retaking 5400 and barely holding on into the close. Nevertheless, 5400 did hold (short term
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Current ICAP Momentum/Trend Model (MOTR) Signal: NEUTRAL (Day Count = 2) The SPX index took back 1.81% on the session Friday, closing at 5363. The index continues to try and work higher off the Apr 7 low of 4835 and is now approaching resistance at 5400 and 5500. Momentum
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Current ICAP Momentum/Trend Model (MOTR) Signal: NEUTRAL (Day Count = 1) The SPX index sold off over 6% during yesterday’s session, hitting a low of 5115. The index then took back approximately half of that loss, closing only 3.46% lower at 5268. Price action remains as expected; volatile,
Media Appearances
Great conversation last night with the always-informed @AndrewCraft and fellow guest @DrPaulMueller about the massive market swings yesterday. https://t.co/wgdXxNxxC2— Anthony F Esposito, CMT (@cmt_anthony) April 10, 2025
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Current ICAP Momentum/Trend Model (MOTR) Signal: NEGATIVE (Day Count = 9) The SPX index gained 9.52% on the day, closing at 5456. The index has now rallied over 13% trough-to-peak in just two sessions. Price action is manic with multiple 10% moves intraday over the past three sessions. Yesterday’
Media Appearances
Joined @NicholeBerlie on @NewsNation right after the announcement from the @SecScottBessent today, take a look. #Markets #StockMarketNews #Tariffs pic.twitter.com/r4LF9OMEpY— Anthony F Esposito, CMT (@cmt_anthony) April 10, 2025
Media Appearances
Joined @NicholeBerlie on @NewsNation right after the announcement from the @SecScottBessent today, take a look. #Markets #StockMarketNews #Tariffs pic.twitter.com/r4LF9OMEpY— Anthony F Esposito, CMT (@cmt_anthony) April 10, 2025