Invesco S&P 500® Momentum ETF (SPMO) — Technical state

101 and glossary

• Factor RegimeGlossaryHow Closelooknet uses it The factor regime board publishes the SPMO/SPLV ratio, its percentile, its 50-day trend and the regime label nightly; it feeds the weather panel on every stock page next to the Money Temperature and the sector…

Dailies

• Cloudflare — The Put Comes Back 30 Dollars Lower and Three Months LongerDaily Pulse · 26 Sept 2026Global ETFs added 1.04 shares of its non-US fund VEU on Tuesday, now 452.30, 0.17 of the tech fund XLK on Wednesday, now 150.17, and on Friday 0.24 of the momentum fund SPMO and 0.10 of the Nasdaq 100 fund QQQM; that is the book's tenth…
• Real Rates — What TIPS and the Credit Tape Say About the AI Build-Out Before the FedDaily Pulse · 15 Sept 2026The momentum-over-low-volatility ratio (SPMO over SPLV) sits at the 88th percentile of its window but has fallen 2.7% in twenty days and 7.9% in sixty; the board’s regime label is “defensive rotation — low-vol leading”.
• Software's day: Snowflake soars 20%, ServiceNow jumps 6% and the software ETF turns positive for the yearMidday 10 · 3 Sept 2026One detail worth a second look: the Low Volatility ETF (SPLV, +0.7%) is beating the Momentum ETF (SPMO, +0.2%), so the rally is broad but not reckless.
• Software and semis sell off together at midday — the green sits outside techMidday 10 · 1 Sept 2026The Momentum (SPMO) / Low Volatility (SPLV) spread is narrow at -0.56% vs -0.13%, with low-vol outperforming — a mild but legible shift in factor leadership toward defense; Volatility (VIXY) is up 1.19%, consistent with that read.
• Verdict day two: six earnings windows close as MongoDB and GitLab printMorning 10 · 1 Sept 2026VIXY fell −5.26% over five days; momentum (SPMO +0.65%) is essentially flat on the week while low-volatility (SPLV −1.74%) is meaningfully lower — momentum outrunning its defensive counterpart even as the VIX itself firmed to 14.92 Monday…
• The morning chip slide rounds back to flat; oil takes the bidMidday 10 · 31 Aug 2026Momentum (SPMO, minus 0.43%) and Low Volatility (SPLV, minus 0.37%) run in lockstep, and Volatility (VIXY) is down 1.22% — no stress signature under a mildly red board.
• Daylight pays the five-print evening at scale — Salesforce +20%, Okta +27%, CrowdStrike +18%, Nvidia +7.6% — while ten of eleven sectors trade red and technology alone carries the index.Midday 10 · 27 Aug 2026The factor pair confirms the flip: Momentum (SPMO) +0.27% against Low Volatility (SPLV) −0.86%, with VIX crushed 4.8% to 14.48.
• Nvidia — A Catalyst for the Next LegDaily Pulse · 27 Aug 2026Wednesday's regular session, before any of the five reports crossed the wire, leaned the same defensive way the broader tape has leaned this week: the low-volatility basket outpaced the momentum basket, SPLV up 0.32% against SPMO's 0.07%…