Author name: sunygxc

Current ACAP Momentum/Trend Model Signal: POSITIVE (Day Count = 1) The SPX index gained just 2bps on the session yesterday, closing at 6389.  The index did test 6400 with a high of 6401 but faded back to the previously identified resistance level of 6390 for the close.  My momentum and trend indicators improved slightly.  My […]

Current ACAP Momentum/Trend Model Signal: NEUTRAL (Day Count = 2) The SPX index gained 40bps during Friday’s session, closing at a new all-time high of 6388.  The index remains at/near the previously identified upside target of 6390.  My momentum and trend indicators are improving as the index seems to be building up steam for a

Current ACAP Momentum/Trend Model Signal: NEUTRAL (Day Count = 1) The SPX index gained just 7bps during yesterday’s session, closing at yet another all-time high of 6363.  The index also hit a new intra-day high of 6381 (just 9 handles below our 6390 price target).  My momentum and trend indicators are stabilizing.  My Spot VIX

Current ACAP Momentum/Trend Model Signal: NEGATIVE (Day Count = 6) The SPX index gained 78bps on the day, closing at a new all-time high of 6358.  The index was strong for the entire session as momentum and trend recovered slightly.  My Spot VIX signal is “neutral”.  My VIX Term Structure signal is “risk on”.  The

Current ACAP Momentum/Trend Model Signal: NEGATIVE (Day Count = 5) The SPX index gained just 6bps during yesterday’s session, closing well off the low (ref 6281) at 6309.  The 10dma (ref 6278) acted as intraday support as my momentum and trend indicators remain negative to flat.  My Spot VIX signal is “neutral”.  My VIX Term

Current ACAP Momentum/Trend Model Signal: NEGATIVE (Day Count = 4) The SPX index gained a modest 14bps during Monday’s session, closing well off the high (ref 6336) at 6305.  My momentum and trend indicators remain negative to flat.  My Spot VIX signal is “neutral”.  My VIX Term Structure signal is “risk on”.  The ACAP Momentum/Trend

Current ACAP Momentum/Trend Model Signal: NEGATIVE (Day Count = 3) The SPX index was flat for the day Friday, closing at 6296.  While the index hit yet another all-time intraday high at 6315, the underlying momentum and trend indicators remain flat to negative.  My Spot VIX signal is “neutral”.  My VIX Term Structure signal is

Current ACAP Momentum/Trend Model Signal: NEUTRAL (Day Count = 3) The SPX index gained 27bps during yesterday’s session, closing at 6280.  Once again, the uptick in price was not confirmed by internals as my momentum and trend indicators remain flat to weak.  My Spot VIX signal is “neutral”.  My VIX Term Structure signal is “risk

Current ACAP Momentum/Trend Model Signal: NEUTRAL (Day Count = 2) The SPX index gained 61bps during yesterday’s session, closing at 6263.  Despite this gain, my momentum and trend indicators continue to degrade and/or flatline.  The slight negative divergence I have been noting over the past few days is continuing in a gradual and uniform fashion.