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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

Current ACAP Momentum/Trend Model Signal: NEGATIVE (Day Count = 5) The SPX index lost a modest 3bps yesterday, closing at 5980.  This close came at the lower end of the day’s broader, 1% high/low range of 6018/5971.  The 6000 level has now failed to hold as support for three of the last four sessions as

Current ACAP Momentum/Trend Model Signal: NEGATIVE (Day Count = 4) The SPX index lost 84bps yesterday, closing at 5982.  Once again, the index continues to churn around the 6000 level (failing to hold) and remains below the highlighted short term trendline.  I continue to see negative divergence between price and momentum/trend.  My Spot VIX signal

Current ACAP Momentum/Trend Model Signal: NEGATIVE (Day Count = 3) The SPX index gained 94bps yesterday, closing the session at 6033.  This closing print came back above the 6000 level but below the identified short-term trendline.  Despite this rally in price, my momentum and trend indicators are a net negative.  My Spot VIX signal remains

Current ACAP Momentum/Trend Model Signal: NEGATIVE (Day Count = 2) The SPX index lost 1.13% on Friday, closing at 5976.  This close was just off the low of 5963 and was well bellow the 6000 level.  The 6000 level has acted as stern resistance but looks to be failing as support, only lasted four sessions. 

Current ACAP Momentum/Trend Model Signal: NEGATIVE (Day Count = 1) The SPX index gained 39bps during yesterday’s session, closing at 6045. As I have continued to highlight over the past two weeks, the growing/rotating negative divergence between price and momentum/trend has created an odd setup. Additionally, my Spot VIX and VIX Term structure signals are

Current ACAP Momentum/Trend Model Signal: NEUTRAL (Day Count = 2) The SPX index gained 55bps yesterday, closing well above 6000 at 6038.  That said, there remains negative divergence between price and my momentum/trend indicators.  At the same time, my Spot VIX and VIX Term structure signals are “risk on”.  The ACAP Momentum/Trend Model signal is

Current ACAP Momentum/Trend Model Signal: NEUTRAL (Day Count = 1) The SPX index gained 9bps yesterday, closing at 6005.  This was the highest close since the index bottomed 24% lower on Apr 7 (ref 4835 low).  Momentum and trend indicators remain divergent and are flat to negative.  My Spot VIX and VIX Term structure signals