Author name: sunygxc

Current ICAP Momentum/Trend Model Signal: POSITIVE (Day Count = 2) The SPX index gained just 10bps on the day, closing at 5892.  The session high was 5906.55, just shy of the previous day’s high of 5906.64.  Although internal expansion is slowing, momentum and trend indicators remain positive.   My Spot VIX signal remains “flat”.  My […]

Current ICAP Momentum/Trend Model Signal: POSITIVE (Day Count = 1) The SPX index gained 72bps on the session, closing at 5886.  The index is now just ~4.50% from peak and has now rallied ~22% from the Apr 7 low (ref 4835).  The index has also broken back into the previously identified “top” which formed from

Current ICAP Momentum/Trend Model Signal: NEUTRAL (Day Count = 4) The SPX index was down just 7bps on Friday, closing out a whippy, range bound session at 5659.  The index was unable to break above resistance at 5700, hitting a high of 5691 but held above the previous day’s low with a bottom tick of

Current ICAP Momentum/Trend Model Signal: NEUTRAL (Day Count = 3) The SPX index gained 57bps on the day, closing at 5663.  By mid-day the index had hit a high of 5720 but faded very abruptly in the final hour of the cash session (odd price action).  The session was also marked by whip and indecision

Current ICAP Momentum/Trend Model Signal: NEUTRAL (Day Count = 2) The SPX index gained 43bps yesterday, closing at 5631.  Although breaking below on an intra-day basis, the 5600 level has continued to hold on a closing basis.  The index is consolidating within the 5700/5600 range as momentum and trend indicators fade.  My Spot VIX signal

Current ICAP Momentum/Trend Model Signal: NEUTRAL (Day Count = 1) The SPX index fell 77bps on the session, closing at 5606.  Since hitting its head at the previously identified resistance level of 5700, the index has had a three-day, peak-to-trough move of -2.01%.  As I have noted over the past few days, momentum and trend

Current ICAP Momentum/Trend Model Signal: POSITIVE (Day Count = 9) The SPX index fell 64bps yesterday, closing at 5650.  Momentum and trend indicators while positive continue to fade.  My spot VIX signal is “risk on” but will turn off over the next two sessions.  My VIX term structure signal remains neutral.  As I wrote yesterday,