Updated Models & Spotlight Charts 9/1/2025

A Few Divergences and a Look at ETF Fund Flows

The S&P 500 moved higher for most of the week before giving back the gains on Friday, despite the majority of stocks outpacing the Index during the last trading day of the week. Risk Appetite is showing a minor divergence as is momentum, but price has continued to hold strong. We now enter the most bearish seasonal month of the year. This alone isn’t a reason to head for the exits but instead to keep your head on a swivel. This week’s Spotlight Chart looks at some interesting ETF fund flow data and what investors have been up to in the major index funds over the last month.

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Summary of Models

Index & Sector Performance Summary

Volatility Risk Trigger

VIX has pulled back and the VRT remains at 48 but is very close to hitting 72, the signal level.