Feature · Market regime
Market Regime Indicator — Live VIX, Breadth, Rates
Every individual scoring decision is downstream of the macro state. Tapeline's regime classifier synthesizes the four inputs that actually drive sector rotation — VIX (volatility), breadth (% of S&P above 200DMA), rate direction (10Y yield slope from FRED), and short-window SPY momentum — into one descriptive read: Risk On, Neutral, Cautious, or Risk Off. The Fear & Greed dial blends the same inputs into the familiar 0–100 sentiment scale.
Current regime
NEUTRAL
Synthesized from VIX, breadth, rate direction, and short-window SPY momentum. Updated each worker tick (~60s).
Sector leaders
Information Technology · Communication Services · Health Care
Fear & Greed
VIX 35% · Breadth 30% · Regime 20% · SPY 5d 15%. The composite maps to 0–24 Extreme Fear, 25–44 Fear, 45–54 Neutral, 55–74 Greed, 75–100 Extreme Greed.
Snapshot example. The live regime panel updates every 60s with the live Fear & Greed dial and full component-score breakdown.
How the regime is computed
Four inputs, each weighted into a composite Fear & Greed score: VIX (35%, lower = greed), breadth (30%, more % above 200DMA = greed), regime label (20%, BULL/NEUTRAL/CAUTIOUS/BEAR), and 5-day SPY momentum (15%, positive = greed). The composite maps to 0–24 Extreme Fear, 25–44 Fear, 45–54 Neutral, 55–74 Greed, 75–100 Extreme Greed— matches the labels CNN’s familiar version uses so anyone who’s seen one before can read it instantly.
The regime label itself anchors more loosely. Risk On when VIX is low, breadth is wide, and rates aren’t threatening a sharp move. Risk Off when those flip. Most days are Neutral or Cautious— the regime isn’t a coin flip, it’s a slow-moving classification that filters which factor weights deserve more weight in this moment of the cycle.
All four macro inputs come from FRED via the free-tier API: VIX (VIXCLS), 10Y yield (DGS10), USD broad index (DTWEXBGS). Breadth and sector leaders are computed live each worker tick across the full Tapeline universe. Full live regime panel + Fear & Greed dial at /app/regime.
Common questions
What's the difference between 'Risk On' and 'Risk Off'?
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Risk On means the macro inputs that historically support equity gains are aligned: low VIX (calm), wide breadth (broad participation, not just mega-caps carrying the index), and stable or falling rates. Risk Off is the opposite — VIX spiking, breadth narrowing, rates jumping. Neutral and Cautious sit between, and reflect the fact that most days aren't unambiguously one or the other.
How is the Fear & Greed score different from CNN's?
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Same labels (Extreme Fear / Fear / Neutral / Greed / Extreme Greed), different inputs. CNN blends seven inputs including put/call ratio, junk bond demand, market momentum, etc. Tapeline uses four: VIX, breadth, regime label, SPY 5d momentum. The simpler input set converges on similar reads but is fully transparent — every component score is visible in the response, so you can audit which input is driving the headline number.
How often does the regime update?
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Every worker tick — sub-60 seconds during US market hours. The underlying FRED series (VIX, 10Y) update once a day at end-of-day; the breadth and SPY momentum inputs are live; the composite recomputes on each tick.
Does the regime change scoring weights?
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No — Tapeline's 6-factor weights (Trend 25% / RS 20% / Fund 15% / SM 15% / Macro 15% / Mom 10%) are fixed and public. The regime classifier is a separate macro context indicator. What changes per regime isn't the formula, it's which scores you might pay more attention to: high-momentum names in Risk On, high-quality fundamentals + low-beta names in Risk Off.
What's 'breadth' here exactly?
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Percentage of S&P 500 components trading above their 200-day moving average. Above 70% = broad participation, equity rally is healthy. Below 30% = narrow market, the rally is concentrated and fragile. Mid-range (40–60%) is the most common state. Computed live from the underlying Tapeline scoring universe each tick.
What tier do I need?
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Market regime is a Pro feature ($24.99/mo billed annually, or $29.99/mo monthly). The 14-day Premium trial includes it. Premium adds Congressional trades, recent insider buys (SEC Form 4), and unlimited Telegram alerts on top of everything in Pro.
Pro feature
See this live across the full ~2,500-ticker universe.
Pro · 14-day Premium trial that includes everything in Pro.
Data refreshes during US market hours. Not investment advice — see risk disclosure.