Anthony's daily market analysis and charts
News
Market Summary: Current Momentum/Trend Model (MOTR) Signal: POSITIVE (Day Count = 3) The SPX Index again edged higher during Friday’s session, gaining 20 bps and holding above the 5500 level. The high for the session was 5561. Interestingly, this level represents minor trade resistance as it is also the
News
Market Summary: Current Momentum/Trend Model (MOTR) Signal: POSITIVE (Day Count = 2) The SPX Index gained 1.61% during yesterday’s session, breaking above the previously identified resistance levels at the 50dma (ref 5460), the 61.8% retracement level (ref 5459) and the 5500 level. My Momentum/Trend Model (MOTR)
News
Market Summary: Current Momentum/Trend Model (MOTR) Signal: POSITIVE (Day Count = 1) Although the session was a bit choppy, the SPX Index extended its gain yesterday and my Momentum/Trend Model (MOTR) has now officially shifted back to Positive (as expected) after holding a Negative signal for 18 days. To
News
Market Summary: Current Momentum/Trend Model (MOTR) Signal: NEGATIVE (Day Count = 19) The SPX extended the rebound off the Aug 5 lows yesterday and has now recovered over 6% from that 5119 tick. The Index broke and closed above 5400 (closing price 5434) and is now approaching additional resistance at
News
Market Summary: Current Momentum/Trend Model (MOTR) Signal: NEGATIVE (Day Count = 18) The SPX Index was up less than one handle yesterday as price action within the recent rally off the Aug 5 low calmed a bit. The session showed some indecision and potential pause with a high/low spread
News
Market Summary: Current Momentum/Trend Model (MOTR) Signal: NEGATIVE (Day Count = 17) The SPX Index has now seen a peak-to-trough move of down of just under 10%. On Jul 18 my internal Momentum/Trend (MOTR) model flipped from Neutral to Negative. We have now been Negative for 17 full sessions
News
Market Summary: Current Momentum/Trend Model (MOTR) Signal: NEGATIVE (Day Count = 16) As I have been reiterating, market internals as I count them remain negative, the MOTR Model remains Negative (triggered on Jul 18) and risk remains to the downside. That all said, I wrote in yesterday’s note pre-market
News
Market Summary: Current Momentum/Trend Model (MOTR) Signal: NEGATIVE (Day Count = 15) The SPX index rallied yesterday over 1.50% hitting an early morning high of 5330. The index then failed and faded ~2.50% to close at 5199. So, what happened? First, as I have continued to relay, downside
News
Market Summary: Current Momentum/Trend Model (MOTR) Signal: NEGATIVE (Day Count = 14) After the recent ~10% peak-to-trough drawdown the SPX index has now achieved all of my previously identified downside targets which were established back in mid-July. Coming off the Aug 5 low of 5119 the index rallied just under
News
Market Summary: Well, that was ugly!!!! Ironically, after pounding the table with warning signs the past 6 weeks there’s not much to say today. I have not seen a market like this since 2007-09 and I am confident there’s more to come. The SPX has now seen a
News
Market Summary: To start, I had written in the July 26 note that I would be traveling last week and would not be issuing another note until today. What a week it was! While I hate to see such a volatile and destructive market, I am pleased to have been
News
Market Summary: The SPX index was certainly volatile during yesterday’s session with an initial move down of 72bps, then a rally of ~1.90% followed by a slide to end the day of ~1.70%. None of this has been a surprise as I have been cautious on the