Anthony's daily market analysis and charts
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Market Summary: Current ICAP Momentum/Trend Model (MOTR) Signal: NEGATIVE (Day Count = 13) The SPX index lost another 76bps yesterday, hitting a low of 5528 and closing at 5572. This intraday low brings the entire peak-to-trough move to -10.07%. No doubt this triggered some degree of a reversion trade
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Market Summary: Current ICAP Momentum/Trend Model (MOTR) Signal: NEGATIVE (Day Count = 12) The SPX index closed down 2.70% yesterday at 5614. The intraday low of 5564 marked a peak-to-trough move of 9.49%. That low also came within 64 handles of my next downside target at 5500. This
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Market Summary: Current ICAP Momentum/Trend Model (MOTR) Signal: NEGATIVE (Day Count = 11) The SPX Index hit an intraday low on Friday at 5666 (down 1.26% from previous close and down 7.83% from peak), then rallied to close +55bps at 5770. The index remains under pressure, smashing through
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Market Summary: Current ICAP Momentum/Trend Model (MOTR) Signal: NEGATIVE (Day Count = 10) Well, that was fun!!! The SPX Index lost 1.78% yesterday, closing at 5738. The low of 5711 represented a test of the previously identified support level at 5700 and a peak-to-trough move of 7.08% since
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Market Summary: Current ICAP Momentum/Trend Model (MOTR) Signal: NEGATIVE (Day Count = 9) The SPX Index rallied 1.12% during yesterday’s session, closing at 5842. Nothing unexpected as the 200dma (ref 5728) and 5700 acted as support after an over 6% selloff in just 9 sessions. Momentum and trend
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Market Summary: Current ICAP Momentum/Trend Model (MOTR) Signal: NEGATIVE (Day Count = 8) The SPX Index closed down 1.22% on the day yesterday at 5778. With a low of 5732, the index essentially tested the 200dma (ref 5725) and was within 32 handles of the previously identified downside target
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Market Summary: Current ICAP Momentum/Trend Model (MOTR) Signal: NEGATIVE (Day Count = 7) The SPX Index hit an early high of 5986, reversed to a low of 5810 (down 2.93%) and closed down 1.76% on the day at 5849. Momentum and trend indicators continue to degrade. Spot VIX
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Market Summary: Current ICAP Momentum/Trend Model (MOTR) Signal: NEGATIVE (Day Count = 6) The SPX Index hit a low of 5837 during Friday’s session and then rallied to close +1.59% at 5954. This “relief rally” makes sense as the index has sold off over 5% in just seven
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Market Summary: Current ICAP Momentum/Trend Model (MOTR) Signal: NEGATIVE (Day Count = 5) The SPX Index lost 1.59% on the day, closing at 5861. The index, as expected and predicted, has now sold off 4.70% (peak-to-trough) in just six sessions. Previously identified support levels have been undercut as
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Market Summary: Current ICAP Momentum/Trend Model (MOTR) Signal: NEGATIVE (Day Count = 4) The SPX Index closed flat on the day. However, the session was relatively volatile with a high/low range of over 1.3% (77 handles). The index attempted to rally early in the session, tested the 50dma
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Market Summary: Current ICAP Momentum/Trend Model (MOTR) Signal: NEGATIVE (Day Count = 3) The SPX Index fell for the fourth consecutive session yesterday, losing 47 bps to close at 5955. To note, the index did test the top of the previously identified 5850/5900 gap with a low of 5908.
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Market Summary: Current ICAP Momentum/Trend Model (MOTR) Signal: NEGATIVE (Day Count = 2) The SPX Index continued its fade yesterday, hitting a low of 5977 and closing down 50bps at 5983. Since achieving an all-time high (ref 6147) and an all-time closing high (ref 6144) on Feb 19, the index