Oil dropped by 1.8%, Gold trend score plunged by 12 points
The biggest daily move belonged to oil with a 1.8% drop. Gold suffered the largest trend score change, falling by 12 points to -15. S&P 500 and Nasdaq 100 grew by 0.7% and 1% respectively. Out of four tracked markets, the model is in LONG state for three and in CASH for one, while risk is rising across three markets.
Written by AI (Google Gemini) from the model's numbers only. Every number in it is checked automatically against the calculation. Not investment advice.
Markets in this report
S&P 500
S&P 500 gained 0.7% and its trend score rose by 2 points to 55. Current volatility stands at 10.5% with expected volatility at 13.2%, meaning risk is rising. The model stays in LONG and a switch to CASH would need the trend score to become negative.
Nasdaq 100
Nasdaq 100 rose by 1% and its trend score increased by 1 point to 71. Current volatility is 15.4% while expected volatility reaches 19.6%, indicating rising risk. The model holds in CASH and a switch to LONG would need risk to be falling.
Gold
Gold declined by 0.7% and its trend score dropped by 12 points to -15. Current volatility is 22.1% against an expected 20.8%, meaning risk is falling. The model remains in LONG and a switch to CASH would need risk to be rising.