Updated Models & Spotlight Charts 2/15/2026
Major Ratios are Rolling Over & All Eyes Should Be on the Dollar
A reminder, U.S. markets are closed on Monday for Presidents Day. Mega caps continue to be under pressure, and their sentiment score is now at the lowest level since October 2012. SPX finished lower last week with defensive sectors showing outperformance. Below I give an update on the VIX positioning data, which nailed the low in Vol last month. I also show another positioning chart for the U.S. Dollar as Spotlight Two and some possible major implications that are building there. The large cap index continues to respect its 100-day moving average as support, but more tests of this level could break it as both bulls and bears remain frustrated at the consolidation.
Summary of Models
Index & Sector Performance Summary
Volatility Risk Trigger
VRT remains at 24.
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