Uncategorized

Current ACAP Momentum/Trend Model Signal: NEGATIVE (Day Count = 7) The SPX index was able to break above 6000 on an intraday basis during Friday’s session, hitting a high of 6016, but faded into the close, ending the session up 1.03% at 6000.36.  As the index continues to test resistance at 6000, internals are divergent […]

Current ACAP Momentum/Trend Model Signal: NEGATIVE (Day Count = 3) The SPX index recovered from an early session low of 5861 to close up 41bps on the day at 5935.  The index continues to churn within the support/resistance range of 5786/5968 with mixed signals.  While my momentum and trend indicators continue to degrade, my Spot

Current ACAP Momentum/Trend Model Signal: NEGATIVE (Day Count = 2) The SPX index closed Friday’s session essentially flat at 5911 after recovering from an intraday loss of over 1% at the day’s low (ref 5843).  The index remains within the highlighted support/resistance range of 5786/5968.  Momentum and trend continue to degrade while my Spot VIX

Current ACAP Momentum/Trend Model Signal: NEUTRAL (Day Count = 8) The SPX index fell 56bps during yesterday’s session, closing at 5888.  The index remains within the highlighted support/resistance range of 5786/5968.  Although my momentum and trend indicators are flat to down, the index is holding up much better than anticipated.  The May 23 hard bounce

Current ACAP Momentum/Trend Model Signal: NEUTRAL (Day Count = 7) The SPX index rallied over 2% on the day, closing near session highs at 5921.  I was absolutely wrong this time as I expected the index to break down further and test 5700 at a minimum.  What has developed instead has been a hard bounce

Current ACAP Momentum/Trend Model Signal: NEUTRAL (Day Count = 6) The SPX index fell 67bps during Friday’s session, closing at 5802.  The index did hit a low of 5767 early in the session testing both the 200dma (ref 5773) and the 100dma (ref 5766).  More importantly, the index broke the 5786 level which I have

Current ACAP Momentum/Trend Model Signal: NEUTRAL (Day Count = 5) The SPX index was essentially flat on the day, closing at 5842.  A late session run to the day’s high (ref 5878) was extremely short lived as the index reversed hard into the closing bell (red eye!!).  Price action was truly indecisive with an open/close

Current ACAP Momentum/Trend Model Signal: NEUTRAL (Day Count = 4) The SPX index fell 1.61% yesterday, closing at 5844.  The session low (ref 5830) was 2.31% lower than the May 19 peak (ref 5968).  As I have wrote on May 20, “internals continue to display negative divergence and would suggest that the risk of a

Current ACAP Momentum/Trend Model Signal: NEUTRAL (Day Count = 2) The SPX index opened down ~1% at 5902 and then rallied to close the session 8bps higher on the day at 5963.  The early cash session weakness was quickly reversed as 5900 held as relatively firm support.  Although the index doesn’t look ready to fade,

Current ICAP Momentum/Trend Model Signal: NEUTRAL (Day Count = 1) The SPX index gained 70bps on Friday, closing on the highs at 5958.  This was an interesting session as internals and price experienced some unexpected negative divergence.  Nothing huge, but enough to note.  My momentum and trend indicators faded slightly, even as price hit a