Money Temperature
Eight instruments that define how money moves through global markets. Each scored 0–100 across five dimensions — not to forecast direction, but to measure the intensity of the current regime.
Measures how much of the basket's total variance is explained by a single factor. Above 70% signals correlation clustering — instruments moving in lockstep — which precedes dislocations.
The scoring is relative, not predictive. A reading of 80 on GLD means gold is running hot across all five dimensions — not that it will reverse. The value is in cross-reading: when SPY and GLD both read above 70 while TLT stays below 30, you're looking at a specific regime configuration that has historical precedent.
Cointegration Monitor
Six cross-asset pairs under rolling Engle-Granger surveillance. When long-standing relationships break, the cascade tracker maps the domino sequence.
How to read Money Temperature
Money Temperature scores each instrument 0–100 by combining five measurable dimensions of its tape: position (where price sits versus its moving-average stack), momentum (rate of change across windows), volume (participation behind the move), volatility (band width and compression) and fragility (stretch versus the trend anchors). Cold readings mark washed-out, under-owned tape; hot readings mark crowded, extended tape. The composite across instruments is the regime gauge — the full construction is in the Money Temperature 101, and the pair-level regime view lives on the Cointegration Monitor.
| Instrument | Temp | Position | Momentum | Volume | Volatility | Fragility | MA stack |
|---|---|---|---|---|---|---|---|
| SPY | 66 | 27 | 15 | 10 | 9 | 5 | bullish aligned |
| QQQ | 66 | 27 | 11 | 13 | 10 | 5 | bullish aligned |
| TLT | 27 | 2 | 9 | 6 | 5 | 5 | below 200 |
| UUP | 62 | 27 | 9 | 13 | 8 | 5 | bullish aligned |
| GLD | 52 | 5 | 20 | 11 | 11 | 5 | below 200 |
| BTC-USD | 47 | 2 | 16 | 16 | 8 | 5 | below 200 |
| VEU | 58 | 21 | 14 | 10 | 8 | 5 | above 50 200 |
| EEM | 52 | 13 | 13 | 13 | 8 | 5 | above 200 |
The dashboard above carries the live intraday state; this table is the last nightly snapshot. closelook.net is an investment research diary — temperature readings are our own measurements, not investment advice.