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Market Summary: Current Momentum/Trend Model (MOTR) Signal: POSITIVE (Day Count = 2) After an early cash session test of support at 5600 (low 5604) the SPX Index gained its footing and inched higher, closing up a very modest 13bps at 5633. Internals continued to improve slowly as my Momentum/Trend
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Market Summary: Current Momentum/Trend Model (MOTR) Signal: POSITIVE (Day Count = 1) The SPX Index gained 54bps during Friday’s session, breaking back above the 5600 level and closing at 5626. The break back above identified resistance at 5600 and 5622 comes as my Momentum/Trend (MOTR) Model shifts from
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Market Summary: Current Momentum/Trend Model (MOTR) Signal: NEUTRAL (Day Count = 3) In the Sep 10 note I identified an “inside day” which formed on Sep 6 and Sep 9 (highlighted on chart). I believed the high/low range of the Sep 6 bar would serve as a good guide
Podcast
The conversation covers various topics including the 9/11 anniversary, CPI numbers, oil prices, Fed rate cuts, and the presidential debate. The hosts discuss the impact of 9/11 on American history and the importance of remembering the event. They also analyze the CPI numbers and the real cost of
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Market Summary: Current Momentum/Trend Model (MOTR) Signal: NEUTRAL (Day Count = 2) The SPX Index was manic yesterday. Aside from a session gain of over 1%, the Index had a high/low range of almost 3%. The VIX had a like range of almost 20%! How much more fun could
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Market Summary: Current Momentum/Trend Model (MOTR) Signal: NEUTRAL (Day Count = 1) The SPX Index gained 45bps on the day yesterday. Price action was broader than it seemed with a high/low of 5497/5441. The Index closed at 5495 failing to break out above resistance at 5500 (Jun 20
Video
[embed]https://youtu.be/MUO14arCMFc[/embed] The conversation covers various topics including the 9/11 anniversary, CPI numbers, oil prices, Fed rate cuts, and the presidential debate. The hosts discuss the impact of 9/11 on American history and the importance of remembering the event. They also analyze the CPI
Video
[embed]https://youtu.be/FnduEMsbT-c?si=qrEH4-P-MxFsw_WB[/embed] In this episode of Policy and Profits, Anthony Esposito and E.J. Antoni discuss the non-farm payrolls report, the state of the labor market, and the potential impact of rate cuts. They also delve into the potential for stagflation, the consequences
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Market Summary: Current Momentum/Trend Model (MOTR) Signal: NEGATIVE (Day Count = 4) The SPX Index consolidated inside Friday’s large down bar gaining 1.16% on the day. The result was a relatively organized “inside day” suggesting a greater move is imminent either through Friday’s high (ref 5522) or
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Market Summary: Current Momentum/Trend Model (MOTR) Signal: NEGATIVE (Day Count = 3) The SPX Index sold off 1.73% for the day Friday as it tested and held the previously identified support level at 5400. Since my Momentum/Trend (MOTR) Model shifted to Neutral on Aug 22 and then Negative
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Market Summary: Current Momentum/Trend Model (MOTR) Signal: NEGATIVE (Day Count = 2) The SPX Index lost 30bps on the day as the 50dma (ref 5506) and the 5500 levels were both violated. The Index did recover from an intraday low of 5480 to close above 5500. However, the recent move
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Market Summary: Current Momentum/Trend Model (MOTR) Signal: NEGATIVE (Day Count = 1) The SPX Index was down just under 20bps yesterday as it held the 50dma (ref 5505) for the second day (A, B). The index did attempt to rally away from this week’s lows hitting a high of