Journal ·
Tuesday, 26 May 2026
Regime Risk-onMarket regime
Risk-on — the model's authoritative close-of-day read. VIX 17.01 (calm, no fear bid). Breadth 60.3% (530/879) of names above their 50-day EMA (healthy participation). SPY closed 750.46 — +12.0% vs its 200-EMA (670.04).
Key numbers
| Metric | Level | Read |
|---|---|---|
| Regime | Risk-on | Close-of-day read |
| VIX | 17.01 | Calm — no fear bid |
| Breadth >50-day EMA | 60.3% (530/879) | Healthy participation |
| SPY close | 750.46 | +12.0% vs 200-EMA (670.04) |
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 26 May 2026: risk-on.