Market Summary: Current ICAP Momentum/Trend Model (MOTR) Signal: POSITIVE (Day Count = 2) As I stated in the Oct 10 note, “the Index seems poised to break higher through the 5800 level with a retest of 5760 (now support) likely to occur first. I am watching for that re-test and/or need the MOTR Signal to […]
Monday, October 14th, 2024 Read More »
In this episode, Anthony Esposito and E.J. Antoni discuss the current economic landscape, focusing on inflation, jobless claims, and the reliability of economic data. They explore the implications of these factors on individual households, retirement savings, and investment strategies. The conversation highlights the disconnect between official economic data and the lived experiences of Americans, particularly
Economic Growth: Fact or Fiction? (VIDEO) Read More »
In this episode, Anthony Esposito and E.J. Antoni discuss the current economic landscape, focusing on inflation, jobless claims, and the reliability of economic data. They explore the implications of these factors on individual households, retirement savings, and investment strategies. The conversation highlights the disconnect between official economic data and the lived experiences of Americans, particularly
Economic Growth: Fact or Fiction? (PODCAST) Read More »
Market Summary: Current ICAP Momentum/Trend Model (MOTR) Signal: NEUTRAL (Day Count = 1) The SPX Index ran 71bps on the session breaking and closing above 5760 resistance. The Oct 7 test and hold at the 5686 support level seems to have been the key with the Index at new all-time highs, closing at 5792. Pure
Thursday, October 10th, 2024 Read More »
Market Summary: Current ICAP Momentum/Trend Model (MOTR) Signal: NEGATIVE (Day Count = 5) After the Oct 7 move down of ~1% and test of support at 5686 the Index bounced back during yesterday’s session hitting a high of 5757 and closing up 97bps at 5751.13. This closing print brought the Index back above the 5733
Wednesday, October 9th, 2024 Read More »
Market Summary: Current ICAP Momentum/Trend Model (MOTR) Signal: NEGATIVE (Day Count = 4) Price action during yesterday’s session for the SPX Index was expected and uniform. The Index was down 96bps on the day, closing at 5695. The 5733 support level which I have remained focused did not hold. The Index then faded the entire
Tuesday, October 8th, 2024 Read More »
In this episode, E.J. Antoni and Anthony Esposito discuss the latest economic data, including job growth and its implications for the market. They analyze the quality of jobs being created, the impact of immigration on employment, and the Federal Reserve’s role in shaping market expectations. The conversation also touches on geopolitical risks, the significance of
Job Growth Quality vs. Quantity (VIDEO) Read More »
In this episode, E.J. Antoni and Anthony Esposito discuss the latest economic data, including job growth and its implications for the market. They analyze the quality of jobs being created, the impact of immigration on employment, and the Federal Reserve’s role in shaping market expectations. The conversation also touches on geopolitical risks, the significance of
Job Growth Quality vs. Quantity (PODCAST) Read More »
Market Summary: Current ICAP Momentum/Trend Model (MOTR) Signal: NEGATIVE (Day Count = 3) The SPX Index was extremely volatile during the first hour of the cash session Friday with a peak-to-trough move of almost 1%. The Index hit an early session high of 5746 then reversed to a low of 5702, stabilized and worked higher
Monday, October 7th, 2024 Read More »
Market Summary: Current ICAP Momentum/Trend Model (MOTR) Signal: NEGATIVE (Day Count = 2) The SPX Index closed just 17bps lower yesterday at 5699. The day showed plenty of indecision as the high/low range was 41 handles wide with an open/close range of just one single point. The support/resistance range which I have continued to focus
Friday, October 4th, 2024 Read More »
