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Current ACAP Momentum/Trend Model Signal: NEGATIVE (Day Count = 3) The SPX index lost 40bps during yesterday’s session, closing at 6370. My momentum and trend indicators continued to degrade. The counterbalance here remains that both my Spot VIX signal and VIX Term Structure signal remain “risk on”. The ACAP
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Current ACAP Momentum/Trend Model Signal: NEGATIVE (Day Count = 2) The SPX index lost 24bps during the Wednesday session, closing well off the intraday low (ref 6343) at 6395. My momentum and trend indicators degraded further as the index faded. The counterbalance here is that both my Spot VIX signal
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Current ACAP Momentum/Trend Model Signal: NEGATIVE (Day Count = 1) The SPX index lost 59bps during yesterday’s session, closing at 6411. My momentum and trend indicators degraded more than expected. My Spot VIX signal is “risk on”. VIX Term Structure is “risk on” as well. The ACAP Momentum/Trend
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Current ACAP Momentum/Trend Model Signal: POSITIVE (Day Count = 3) The SPX index lost 29bps during Friday’s session, closing at 6449. This closing price is somewhat concerning as it was a break back below the support line of the highlighted uptrend channel (see chart). My momentum and trend indicators
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Current ACAP Momentum/Trend Model Signal: POSITIVE (Day Count = 1) The SPX index gained 32bps yesterday, closing at another all-time high of 6466. The index has clearly broken back into the intermediate term uptrend channel and is well above previous resistance at 6400. My momentum and trend indicators continue to
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Current ACAP Momentum/Trend Model Signal: NEUTRAL (Day Count = 3) The SPX index lost 25bps during yesterday’s session, closing at 6373. The index again tested the base of the intermediate term uptrend channel at the day’s high (ref 6407). This was the highest intraday tick since the gap
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Current ACAP Momentum/Trend Model Signal: NEUTRAL (Day Count = 1) The SPX index lost a modest 8bps yesterday, closing at 6340. However, the session was much more volatile than that with a wide high/low range of 6389/6310 (over 1%). My momentum and trend indicators have improved slightly as
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Current ACAP Momentum/Trend Model Signal: NEGATIVE (Day Count = 6) The SPX index gained 73bps yesterday, closing at 6345. This close was just above the 10dma (ref 6342) and just below the bottom of the intermediate term uptrend channel (ref ~6370). Momentum and trend indicators were flat. My Spot VIX
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Current ACAP Momentum/Trend Model Signal: NEGATIVE (Day Count = 5) The SPX index lost 49bps on the session, closing at 6299. The high on the day (ref 6346) marked a test and failure at the 10dma (ref 6344) and a failed attempt at re-entering the highlighted uptrend channel (see chart)
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Current ACAP Momentum/Trend Model Signal: NEGATIVE (Day Count = 4) The SPX index gained 1.49% on the session, closing at 6329. As I wrote yesterday coming off Friday’s gap down, “At this time risk remains skewed to the downside but I would be focused on reducing short exposure
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Current ACAP Momentum/Trend Model Signal: NEGATIVE (Day Count = 3) The SPX index lost 1.60% during Friday’s session, closing at 6238. The session created a gap down out of the previously highlighted uptrend channel which originated on April 30 (see chart). The index has now marked a two-day,
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Current ACAP Momentum/Trend Model Signal: NEGATIVE (Day Count = 2) The SPX index lost 37bps on the session, closing at 6339. What’s much more interesting about the price action was that the index opened exactly at the high (ref 6427.02) and faded for the balance of the session.