Current ICAP Momentum/Trend Model (MOTR) Signal: NEUTRAL (Day Count = 3) The SPX index gained 79bps during yesterday’s session, closing at 5405. Price action was somewhat lackluster, hitting a mid-day low of 5358, then retaking 5400 and barely holding on into the close. Nevertheless, 5400 did hold (short term positive). However, momentum and trend indicators […]
Tuesday, April 15th, 2025 Read More »
Current ICAP Momentum/Trend Model (MOTR) Signal: NEUTRAL (Day Count = 2) The SPX index took back 1.81% on the session Friday, closing at 5363. The index continues to try and work higher off the Apr 7 low of 4835 and is now approaching resistance at 5400 and 5500. Momentum and trend, while still negative and
Monday, April 14th, 2025 Read More »
Current ICAP Momentum/Trend Model (MOTR) Signal: NEUTRAL (Day Count = 1) The SPX index sold off over 6% during yesterday’s session, hitting a low of 5115. The index then took back approximately half of that loss, closing only 3.46% lower at 5268. Price action remains as expected; volatile, manic and emotional. I would remain focused
Friday, April 11th, 2025 Read More »
Current ICAP Momentum/Trend Model (MOTR) Signal: NEGATIVE (Day Count = 9) The SPX index gained 9.52% on the day, closing at 5456. The index has now rallied over 13% trough-to-peak in just two sessions. Price action is manic with multiple 10% moves intraday over the past three sessions. Yesterday’s stick was a massive reversal which
Thursday, April 10th, 2025 Read More »
Current ICAP Momentum/Trend Model (MOTR) Signal: NEGATIVE (Day Count = 8) The SPX index fell 1.57% yesterday, establishing a new closing low for this move at 4982. The index initially rallied over 4% to start the session, hit a high of 5267, and then reversed sharply trading down 6.78% to a low of 4910. Overall,
Wednesday, April 9th, 2025 Read More »
Current ICAP Momentum/Trend Model (MOTR) Signal: NEGATIVE (Day Count = 7) The SPX index ended the session yesterday down a modest 23bps, closing at 5062. Despite how benign that seems, the index had a wild high/low range of 5246/4835 representing an over 8% spread. Absolutely manic price action as the index hit a new peak-to-trough
Tuesday, April 8th, 2025 Read More »
Current ICAP Momentum/Trend Model (MOTR) Signal: NEGATIVE (Day Count = 6) The SPX index fell an additional 5.97% on Friday as the sell-off accelerated. The peak-to-trough move is now down over 17% from the Feb 19 all-time high of 6147. Momentum and trend indicators continue to degrade as Spot VIX and VIX term structure scream
Monday, April 7th, 2025 Read More »
Market Summary: Current ICAP Momentum/Trend Model (MOTR) Signal: NEGATIVE (Day Count = 5) The SPX index fell 4.84% yesterday, closing at 5396. The index is now well below my 5500 support level as trend and momentum indicators roll over. Both Spot VIX and VIX term structure are “risk off”. The ICAP Momentum/Trend (MOTR) Model signal
Friday, April 4th, 2025 Read More »
Market Summary: Current ICAP Momentum/Trend Model (MOTR) Signal: NEGATIVE (Day Count = 4) The SPX index gained 67bps yesterday, closing at 5670. The high on the day was 5695, testing but failing at the previously identified resistance level (and top of near-term range) at 5700. The index remains stuck in the 5500/5700 range as momentum
Thursday, April 3rd, 2025 Read More »
Market Summary: Current ICAP Momentum/Trend Model (MOTR) Signal: NEGATIVE (Day Count = 3) The SPX index gained 38bps yesterday, closing at 5633. The index remains below the 5700 level as price, momentum and trend all try to gain their footing in unison. Spot VIX remains “risk on” and VIX Term Structure is neutral. The ICAP
Wednesday, April 2nd, 2025 Read More »
