Journal ·
Thursday, 4 June 2026
Regime Risk-onMarket Regime
RISK-ON — the model's authoritative close-of-day read. VIX 16.06 (calm, no fear bid). Breadth 61.5% (602/979) of names above their 200-EMA (healthy participation). SPY closed 757.83 — +11.7% vs its 200-EMA (678.24).
Key Macro Reads
| Metric | Level | Read |
|---|---|---|
| Regime | RISK-ON | Flip from NEUTRAL |
| VIX | 16.06 | Calm — no fear bid |
| Breadth >200-EMA | 61.5% (602/979) | Healthy participation |
| SPY close | 757.83 | +11.7% vs 200-EMA (678.24) |
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 155-name universe; 55 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 2026-06-04. 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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