Anthony's daily market analysis and charts
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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
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Market Summary: Current Momentum/Trend Model (MOTR) Signal: NEUTRAL (Day Count = 8) It’s just a scratch, we could probably buff it right out……. I wrote in my Aug 23 note that my Momentum/Trend (MOTR) Model had shifted from Positive to Neutral on the close on Aug 22. Additionally,
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Market Summary: Current Momentum/Trend Model (MOTR) Signal: NEUTRAL (Day Count = 7) The SPX closed Friday’s session with a 1% gain, most of which came from an end of day (end of month) rally of over 1% from the session low of 5581 to the closing price of 5648.
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Market Summary: Current Momentum/Trend Model (MOTR) Signal: NEUTRAL (Day Count = 5) The SPX Index acted as expected yesterday as the index was down 75bps at its low and saw a peak-to-trough move of -1.17% hitting an intraday low of 5560 (breaking 5600). If that level sounds familiar it’
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Market Summary: Current Momentum/Trend Model (MOTR) Signal: NEUTRAL (Day Count = 4) Although the SPX Index was up just 16bps yesterday (closing at 5625) there was greater intraday volatility with a high/low range of almost 70bps. The high of 5631 was well below the previous session’s high of
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Market Summary: Current Momentum/Trend Model (MOTR) Signal: NEUTRAL (Day Count = 3) The focus of this note over the past few days has been the Momentum/Trend (MOTR) Model shift from Positive to Neutral, a developing shift in the VIX curve and near-term SPX price resistance at 5645. During yesterday’
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Market Summary: Current Momentum/Trend Model (MOTR) Signal: NEUTRAL (Day Count = 2) The SPX Index added 1.15% during Friday’s session closing at 5634. The Index hit a high of 5641, which was just shy of the previous day’s high of 5643. This is an interesting level as
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Market Summary: Current Momentum/Trend Model (MOTR) Signal: NEUTRAL (Day Count = 1) The SPX Index fell 90bps during yesterday’s session, closing at 5570. The 5600 level broke on both an intraday and closing basis. Price action created an outside reversal day (bearish) with a peak-to-trough move of -1.46%
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Market Summary: Current Momentum/Trend Model (MOTR) Signal: POSITIVE (Day Count = 5) The SPX was lower on the day for just the second time in 11 sessions, closing at 5597. Note, the 5622 resistance level highlighted yesterday did hold. The Index has now seen a trough-to peak run of 9.
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Market Summary: Current Momentum/Trend Model (MOTR) Signal: POSITIVE (Day Count = 4) The SPX continues to grind higher, adding ~1% during yesterday’s session to close at 5608. This was the first close above 5600 since the Index was at all-time highs on Jul 16 (ref close 5667). My Momentum/