Author name: sunygxc

Current ACAP Momentum/Trend Model Signal: NEUTRAL (Day Count = 1) The SPX index lost 7bps during yesterday’s session, closing at 6225.  Overall, the loss was minimal.  However, every point is valuable as we settle off the recent, all-time high of 6284.  As I have been writing over the past few days, there is some slight […]

Current ACAP Momentum/Trend Model Signal: POSITIVE (Day Count = 7) The SPX index lost 79bps on the day yesterday, closing at 6229.  The low on the day was 6201, marking a two-day, peak-to-trough move of -1.33%.  The hold at 6200 should be noted as a break and close below will signal a near-term shift in

Current ACAP Momentum/Trend Model Signal: POSITIVE (Day Count = 6) The SPX index gained 83bps during Thursday’s abbreviated session, closing at another all-time high of 6279.  While there is some slight negative divergence developing, momentum and trend remain supportive of higher prices.  My Spot VIX signal is “neutral”.  My VIX Term Structure signal is “risk

Current ACAP Momentum/Trend Model Signal: POSITIVE (Day Count = 5) The SPX index gained 48bps yesterday, closing at another all-time high at 6227.  Momentum and trend continue to expand and provide confirmation.  My Spot VIX signal has shifted to “neutral” from a very productive “risk on” signal which triggered back on May 26.  My VIX

Current ACAP Momentum/Trend Model Signal: POSITIVE (Day Count = 3) The SPX index gained 52bps again yesterday, closing at a new all-time high of 6204.  Momentum and trend indicators are set up well for additional upside.  My Spot VIX signal has shifted to “neutral” from a very productive “risk on” signal which triggered back on

Current ACAP Momentum/Trend Model Signal: POSITIVE (Day Count = 2) The SPX index gained 52bps during Friday’s session, closing at 6173.  Not only did the index mark a new all-time closing high, but it also marked a new all-time intraday high at 6187.  Last week was admittedly a bad one for a fund-raising trip, but

Current ACAP Momentum/Trend Model Signal: NEGATIVE (Day Count = 6) The SPX index lost 22bps during Friday’s session, closing at 5967.  Price action was more volatile than it would seem, with a high/low range of over 1%.  Downside risk seems to be building as the index remains stuck below resistance at the 6000 level as