Journal ·
Wednesday, 6 May 2026
Regime Risk-onMarket Regime
RISK-ON — the model's authoritative close-of-day read. VIX 17.38 (elevated, vol firming). Breadth 63.9% (624/977) of names above their 200-EMA (healthy participation). SPY closed 733.05 — +10.5% vs its 200-EMA (663.31).
Key Macro Reads
| Metric | Level | Read |
|---|---|---|
| Regime | RISK-ON | Flip from NEUTRAL |
| VIX | 17.38 | Elevated — vol firming |
| Breadth >200-EMA | 63.9% (624/977) | Healthy participation |
| SPY close | 733.05 | +10.5% vs 200-EMA (663.31) |
Regime Assessment
Regime flipped to RISK-ON from the prior NEUTRAL read. Calm-to-constructive tape: the model reads risk-on, the environment narrative-momentum is built for. Lean into strength, size to conviction, cut losers fast.
Research Funnel
The screen cast a 132-name universe; 22 cleared the conviction floor for deeper research. (Screening reach only — no positions, sizes, entries, stops, or P&L are disclosed.)
Status
Regime RISK-ON on the public ledger for 2026-05-06. Flipped from the prior NEUTRAL read. Entry reconstructed from the pipeline's recorded close-of-day regime state. Research only — no positions, sizes, entries, stops, or P&L.
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