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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. 

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