Journal ·
Wednesday, 13 May 2026
Regime NeutralMarket regime
Neutral — the model's authoritative close-of-day read. VIX 17.87 (calm, vol easing). Breadth 53.4% (522/978) of names above their 50-day EMA (mixed — about half of names in primary uptrends). SPY closed 742.30 — +12.0% vs its 200-EMA (662.99).
Key numbers
| Metric | Level | Read |
|---|---|---|
| Regime | Neutral | First neutral print, a flip from risk-on |
| VIX | 17.87 | Calm — vol easing |
| Breadth >50-day EMA | 53.4% (522/978) | Mixed — about half of names in primary uptrends |
| SPY close | 742.30 | +12.0% vs 200-EMA (662.99) |
Regime assessment
Regime flipped to neutral from the prior risk-on read, its first neutral print. The model reads neutral: the signals are mixed, neither confirming a rally nor pointing to stress.
Status
Close-of-day regime for 13 May 2026: neutral. Changed from risk-on.