Journal ·
Tuesday, 5 May 2026
Regime NeutralMarket regime
Neutral — the model's authoritative close-of-day read. VIX 17.38 (calm, vol easing). Breadth 58.7% (574/978) of names above their 50-day EMA (mixed — about half of names in primary uptrends). SPY closed 723.71 — +9.2% vs its 200-EMA (662.49).
Key numbers
| Metric | Level | Read |
|---|---|---|
| Regime | Neutral | Close-of-day read |
| VIX | 17.38 | Calm — vol easing |
| Breadth >50-day EMA | 58.7% (574/978) | Mixed — about half of names in primary uptrends |
| SPY close | 723.71 | +9.2% vs 200-EMA (662.49) |
Regime assessment
The model reads neutral: the signals are mixed, neither confirming a rally nor pointing to stress.
Status
Close-of-day regime for 5 May 2026: neutral.