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Current ACAP Momentum/Trend Model Signal: NEUTRAL (Day Count = 2) The SPX index gained 41bps on the session, closing at 6465.  My momentum and trend indicators improved slightly.  My Spot VIX signal and VIX Term Structure signal remain “risk on”.  The ACAP Momentum/Trend Model signal remains Neutral.  The index held the 10dma (ref 6438) and […]

Current ACAP Momentum/Trend Model Signal: NEUTRAL (Day Count = 1) The SPX index lost 43bps during yesterday’s session, closing at 6439.  My momentum and trend indicators are flat.  My Spot VIX signal and VIX Term Structure signal remain “risk on”.  The ACAP Momentum/Trend Model signal shifted to Neutral.  Although price action felt heavy on the

Current ACAP Momentum/Trend Model Signal: NEGATIVE (Day Count = 3) The SPX index lost 40bps during yesterday’s session, closing at 6370.  My momentum and trend indicators continued to degrade.  The counterbalance here remains that both my Spot VIX signal and VIX Term Structure signal remain “risk on”.  The ACAP Momentum/Trend Model signal is Negative.  The

Current ACAP Momentum/Trend Model Signal: NEGATIVE (Day Count = 2) The SPX index lost 24bps during the Wednesday session, closing well off the intraday low (ref 6343) at 6395.  My momentum and trend indicators degraded further as the index faded.  The counterbalance here is that both my Spot VIX signal and VIX Term Structure signal

Current ACAP Momentum/Trend Model Signal: NEGATIVE (Day Count = 1) The SPX index lost 59bps during yesterday’s session, closing at 6411.  My momentum and trend indicators degraded more than expected.  My Spot VIX signal is “risk on”.  VIX Term Structure is “risk on” as well.  The ACAP Momentum/Trend Model signal shifted to Negative.  As I

Current ACAP Momentum/Trend Model Signal: POSITIVE (Day Count = 3) The SPX index lost 29bps during Friday’s session, closing at 6449.  This closing price is somewhat concerning as it was a break back below the support line of the highlighted uptrend channel (see chart).  My momentum and trend indicators held firm.  My Spot VIX signal

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: 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