Author name: sunygxc

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 expand.  My Spot VIX signal […]

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 down on Aug 1.   My momentum

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 the index struggles to break back into

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 signal is “risk on”.  The

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).  In my opinion, for the

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 unless 6200 breaks.  Model aside, I could

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, peak-to-trough move of -3.33%.  The low ticked

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.  Additionally, the index gave up the 6400

Current ACAP Momentum/Trend Model Signal: NEGATIVE (Day Count = 1) The SPX index lost 12bps on the session yesterday, closing at 6362.  The 10dma (ref 6344) was broken on an intra-day basis as the index hit a low of 6336 but held for the close.  The session overall was weak with a lower low and

Current ACAP Momentum/Trend Model Signal: NEUTRAL (Day Count = 1) The SPX index lost 30bps during yesterday’s session, closing at 6370. The index hit a new all-time high (ref 6409) very early in the cash session and then struggled for the balance of the day. Yesterday’s high/low/open/close (6409/6363/6405/6370) created a large, negative stick. This large,