Journal ·
Sunday, 19 April 2026
Regime Risk-onMarket regime
Risk-on — the model's authoritative close-of-day read. VIX 17.48 (calm, vol easing). Breadth 73.7% (721/978) of names above their 50-day EMA (healthy participation). SPY closed 710.06 — +8.3% vs its 200-EMA (655.39).
Key numbers
| Metric | Level | Read |
|---|---|---|
| Regime | Risk-on | Close-of-day read |
| VIX | 17.48 | Calm — vol easing |
| Breadth >50-day EMA | 73.7% (721/978) | Healthy participation |
| SPY close | 710.06 | +8.3% vs 200-EMA (655.39) |
Regime assessment
The model reads risk-on: the S&P 500 is above its 200-day average, breadth is healthy and volatility is contained.
Status
Close-of-day regime for 19 April 2026: risk-on.