Anthony's daily market analysis and charts
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Market Summary: Current Momentum/Trend Model (MOTR) Signal: POSITIVE (Day Count = 4) The SPX Index gained a very modest 25bps on the day, achieving another closing all-time high at 5732. As I wrote in yesterday’s note, I am focusing on the support/resistance range of 5686/5733 (see chart)
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Market Summary: Current Momentum/Trend Model (MOTR) Signal: POSITIVE (Day Count = 3) The SPX Index was relatively subdued yesterday, quietly gaining 28bps and achieving an all-time closing high of 5718. Spot VIX remains pressed, closing at 15.89 as Term Structure slides deeper into “risk on” territory. My ICAP Momentum/
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Market Summary: Current Momentum/Trend Model (MOTR) Signal: POSITIVE (Day Count = 2) I was very “wordy” last Friday and the chart was looking like a bowl of my mother’s spaghetti (throw some beef and pork ribs on top please). That said, I did some cleaning and will be to
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Market Summary: Current Momentum/Trend Model (MOTR) Signal: POSITIVE (Day Count = 1) The bearish nature and structure of the Sep 18 bar turned out to be a massive head fake (for yesterday at least). The SPX Index gapped up on the open, hitting an intraday and all-time high of 5733
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Market Summary: Current Momentum/Trend Model (MOTR) Signal: NUETRAL (Day Count = 1) The SPX Index had a massively wide and volatile intraday range yesterday with a peak-to-trough spread of ~1.30%. Post 2:00PM EST the index rallied to an all-time high of 5689 only to spin and churn its
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Market Summary: Current Momentum/Trend Model (MOTR) Signal: POSITIVE (Day Count = 3) The SPX Index has now rallied almost 5% from the Sep 11 low (ref 5406) to yesterday’s high (ref 5670). Yesterday’s high was also a new all-time high by about one point (razor thin). As the
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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
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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
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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