Charts

Market Summary: Current Momentum/Trend Model (MOTR) Signal:  NEGATIVE (Day Count = 3) The SPX Index sold off 1.73% for the day Friday as it tested and held the previously identified support level at 5400.  Since my Momentum/Trend (MOTR) Model shifted to Neutral on Aug 22 and then Negative on Sep 3 the Index has taken […]

Market Summary: Current Momentum/Trend Model (MOTR) Signal:  NEGATIVE (Day Count = 2) The SPX Index lost 30bps on the day as the 50dma (ref 5506) and the 5500 levels were both violated.  The Index did recover from an intraday low of 5480 to close above 5500.  However, the recent move back down from 5645 resistance

Market Summary: Current Momentum/Trend Model (MOTR) Signal:  NEGATIVE (Day Count = 1) The SPX Index was down just under 20bps yesterday as it held the 50dma (ref 5505) for the second day (A, B).  The index did attempt to rally away from this week’s lows hitting a high of 5552 but faded, closing the session

Market Summary: Current Momentum/Trend Model (MOTR) Signal:  NEUTRAL (Day Count = 8) It’s just a scratch, we could probably buff it right out……. I wrote in my Aug 23 note that my Momentum/Trend (MOTR) Model had shifted from Positive to Neutral on the close on Aug 22.  Additionally, over the past 8 sessions I have

Market Summary: Current Momentum/Trend Model (MOTR) Signal:  NEUTRAL (Day Count = 7) The SPX closed Friday’s session with a 1% gain, most of which came from an end of day (end of month) rally of over 1% from the session low of 5581 to the closing price of 5648.  The late day high for the

Market Summary: Current Momentum/Trend Model (MOTR) Signal:  NEUTRAL (Day Count = 5) The SPX Index acted as expected yesterday as the index was down 75bps at its low and saw a peak-to-trough move of -1.17% hitting an intraday low of 5560 (breaking 5600).  If that level sounds familiar it’s because I have had 5562 identified

Market Summary: Current Momentum/Trend Model (MOTR) Signal:  NEUTRAL (Day Count = 4) Although the SPX Index was up just 16bps yesterday (closing at 5625) there was greater intraday volatility with a high/low range of almost 70bps.  The high of 5631 was well below the previous session’s high of 5651 and shy of near-term resistance at

Market Summary: Current Momentum/Trend Model (MOTR) Signal:  NEUTRAL (Day Count = 3) The focus of this note over the past few days has been the Momentum/Trend (MOTR) Model shift from Positive to Neutral, a developing shift in the VIX curve and near-term SPX price resistance at 5645.  During yesterday’s session the SPX Index fell ~30bps

Market Summary: Current Momentum/Trend Model (MOTR) Signal:  NEUTRAL (Day Count = 2) The SPX Index added 1.15% during Friday’s session closing at 5634.  The Index hit a high of 5641, which was just shy of the previous day’s high of 5643.  This is an interesting level as it is also the Jul 11 high (ref

Market Summary: Current Momentum/Trend Model (MOTR) Signal:  NEUTRAL (Day Count = 1) The SPX Index fell 90bps during yesterday’s session, closing at 5570.  The 5600 level broke on both an intraday and closing basis.  Price action created an outside reversal day (bearish) with a peak-to-trough move of -1.46%.  Yesterday’s candlestick engulfed the previous two sessions