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Market Summary: Current ICAP Momentum/Trend Model (MOTR) Signal: NEGATIVE (Day Count = 1) The SPX Index was down 30bps yesterday, closing at 6034. The Index has now had a three-day, peak-to-trough move of -1.15%. Internals have faded and Spot VIX looks poised to spike. The ICAP Momentum/Trend (MOTR)
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Market Summary: Current ICAP Momentum/Trend Model (MOTR) Signal: NEUTRAL (Day Count = 2) The SPX Index faded 61bps yesterday following the previous session’s test of resistance at 6100. The low on the day was 6048 and the close was marked at 6052. As I wrote yesterday, “I would expect
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Market Summary: Current ICAP Momentum/Trend Model (MOTR) Signal: NEUTRAL (Day Count = 1) The SPX Index hit both an all-time intraday high (ref 6099) and closing high (ref 6090) during Friday’s session. Internals are relatively supportive with momentum and trend indicators positive to flat. Spot VIX and VIX Term
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Market Summary: Current ICAP Momentum/Trend Model (MOTR) Signal: POSITIVE (Day Count = 8) The SPX Index hit an incremental new all-time high (ref 6094) but faded into the bell, closing down 19bps at 6075. The stall in price came with lighter than average volume and dull internals. Spot VIX and
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Market Summary: Current ICAP Momentum/Trend Model (MOTR) Signal: POSITIVE (Day Count = 7) The SPX Index had a strong session yesterday with a gain of 61bps, closing at yet another all-time high of 6086. Momentum, trend indicators and volume all improved confirming the strength in price. Spot VIX and Term
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Market Summary: Current ICAP Momentum/Trend Model (MOTR) Signal: POSITIVE (Day Count = 6) The SPX Index was essentially flat yesterday, closing the session at 6049. Daily high/low ranges have gotten considerably tighter over the past two sessions as the index tests the overhead level of 6050. Momentum and trend
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Market Summary: Current ICAP Momentum/Trend Model (MOTR) Signal: POSITIVE (Day Count = 5) The SPX Index continued the grind higher yesterday with a 24bp gain, achieving a new intra-day high (ref 6053) and closing high (ref 6047). Volumes were well below average, but it is December. Spot VIX closed at
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Market Summary: Current ICAP Momentum/Trend Model (MOTR) Signal: POSITIVE (Day Count = 4) The SPX Index ended the month of November up nearly 6%, closing at 6032 on Friday. A new all-time high was achieved as well at 6044 on light, holiday volume. Overall, internals are supportive of higher prices
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Market Summary: Current ICAP Momentum/Trend Model (MOTR) Signal: POSITIVE (Day Count = 2) The SPX Index closed +57bps yesterday, hitting a new all-time high at 6025, and closing at 6021. The Index has broken and held above the previously identified resistance levels at 6000 and 6017 (Nov 11 high) with
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Market Summary: Current ICAP Momentum/Trend Model (MOTR) Signal: POSITIVE (Day Count = 1) The SPX index gained 30bps on the day, closing at 5987. Price action was somewhat indecisive with a high/low spread of 57 points and an open/close range of just five. Essentially, price swung drastically from
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Market Summary: Current ICAP Momentum/Trend Model (MOTR) Signal: NEUTRAL (Day Count = 1) The SPX Index gained 35bps on Friday, closing at 5969. The high of 5972 was within four handles of the highlighted 5976 level (previous support, now resistance). The support/resistance range which I have been focused on
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Market Summary: Current ICAP Momentum/Trend Model (MOTR) Signal: NEGATIVE (Day Count = 4) The SPX Index was up 53bps yesterday, hitting a high of 5963 and closing at 5948. Keep in mind the support resistance range in focus has been 5864/5947. So, price action during yesterday’s session produced