The Regime Stack Scorecard™ total was +2 at Friday’s close (Oct 16), down from +4 on Thursday (Oct 15). That moved the reading from Risk-On to Cautious.
Two of the six signals scored +1: the McClellan Oscillator and volatility (VIX). The other four, SPY trend, QQQ trend, breadth and sector participation, scored 0.
The four sessions before Friday had totals of +3, +3, +3 and +4, all in the Risk-On band.
The Cautious band covers totals from −2 to +2. Friday’s total sits at the top of that band.