Journal ·
Wednesday, 20 May 2026
Regime NeutralMarket Regime
NEUTRAL — the model's authoritative close-of-day read. VIX 18.06 (elevated, vol firming). Breadth 53.3% (522/979) of names above their 200-EMA (mixed — about half of names in primary uptrends). SPY closed 739.77 — +10.5% vs its 200-EMA (669.21).
Key Macro Reads
| Metric | Level | Read |
|---|---|---|
| Regime | NEUTRAL | Engine close-of-day read |
| VIX | 18.06 | Elevated — vol firming |
| Breadth >200-EMA | 53.3% (522/979) | Mixed — about half of names in primary uptrends |
| SPY close | 739.77 | +10.5% vs 200-EMA (669.21) |
Regime Assessment
A mixed tape — the model reads neutral. Participation is not broad enough to lean in hard nor weak enough to de-risk. Be selective; let conviction, not breadth, do the work.
Research Funnel
The screen cast a 133-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 NEUTRAL on the public ledger for 2026-05-20. 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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