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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/
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[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
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Market Summary: Current ICAP Momentum/Trend Model (MOTR) Signal: NEUTRAL (Day Count = 1) The SPX Index ran 71bps on the session breaking and closing above 5760 resistance. The Oct 7 test and hold at the 5686 support level seems to have been the key with the Index at new all-time
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Market Summary: Current ICAP Momentum/Trend Model (MOTR) Signal: NEGATIVE (Day Count = 5) After the Oct 7 move down of ~1% and test of support at 5686 the Index bounced back during yesterday’s session hitting a high of 5757 and closing up 97bps at 5751.13. This closing print
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Market Summary: Current ICAP Momentum/Trend Model (MOTR) Signal: NEGATIVE (Day Count = 4) Price action during yesterday’s session for the SPX Index was expected and uniform. The Index was down 96bps on the day, closing at 5695. The 5733 support level which I have remained focused did not hold.
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[embed]https://youtu.be/4jkEjfVpF3w[/embed] In this episode, E.J. Antoni and Anthony Esposito discuss the latest economic data, including job growth and its implications for the market. They analyze the quality of jobs being created, the impact of immigration on employment, and the Federal Reserve's role
Podcast
In this episode, E.J. Antoni and Anthony Esposito discuss the latest economic data, including job growth and its implications for the market. They analyze the quality of jobs being created, the impact of immigration on employment, and the Federal Reserve's role in shaping market expectations. The conversation
News
Market Summary: Current ICAP Momentum/Trend Model (MOTR) Signal: NEGATIVE (Day Count = 3) The SPX Index was extremely volatile during the first hour of the cash session Friday with a peak-to-trough move of almost 1%. The Index hit an early session high of 5746 then reversed to a low of