Money Temperature

Regime Classification

The regime label is derived from temperature spreads between instrument pairs. When equities run hot while havens stay cold, the regime reads differently than when everything heats up in unison.

● Current Regime

Transition

Awaiting first data run. The classifier evaluates temperature differentials across four pair spreads to assign one of eight labels — from Risk-On Expansion to Systemic Deleveraging.

Cascade Full Monitor →

Absorption Ratio

50%

Cross-asset correlation concentration

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.

Instrument Temperature

Click any instrument to open its Closelook chart terminal. Each card shows the composite temperature (0–100) and five-dimension breakdown. Full methodology →

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.

Position (30) — Where price sits in the MA stack

Momentum (25) — ROC velocity + acceleration + RSI divergence

Volume (20) — OBV trend + participation conviction

Volatility (15) — ATR expansion + Bollinger width

Fragility (10) — Dryness + squeeze + gap risk

Temperature History

The drift over time is more informative than the snapshot. Each sparkline shows 60 days of temperature readings — the gradient reveals whether an instrument is heating, cooling, or oscillating.

Basket avg

Heating

Cooling

—

Net trend

Cointegration Monitor

Six cross-asset pairs under rolling Engle-Granger surveillance. When long-standing relationships break, the cascade tracker maps the domino sequence.

Open Monitor →

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 temperatures · as of 2026-08-28 close · refreshed nightly
Instrument	Temp	Position	Momentum	Volume	Volatility	Fragility	MA stack
SPY	55	27	14	5	4	5	bullish aligned
QQQ	58	21	14	13	5	5	above 50 200
TLT	53	2	22	16	8	5	below 200
UUP	60	13	23	12	7	5	above 200
GLD	48	5	8	17	13	5	below 200
BTC-USD	58	13	12	18	10	5	above 200
VEU	65	27	11	18	4	5	bullish aligned
EEM	62	27	13	13	4	5	bullish aligned

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.

Quick answers

What is the Money Temperature reading right now?

At the last build of this page, the composite Money Temperature was 57 on the 0–100 scale, which maps to a Transition regime. The pipeline recomputes after each US close and the dashboard above shows the freshest value.

Which instruments are running hottest and coldest?

As of 2026-08-28, the hottest instrument on the board is VEU at a temperature of 65 and the coldest is GLD at 48, across 8 tracked instruments.

What does the Money Temperature measure?

It scores each instrument 0–100 across five dimensions — position, momentum, volume, volatility and fragility — and aggregates them into a composite regime gauge. The full construction is in Money Temperature 101. It describes market state; it is not investment advice or a trade signal.

How often does this dashboard update?

The pipeline recomputes nightly after the US close; the page then shows the fresh composite, per-instrument temperatures and absorption ratio. Intraday, the client refreshes against the live API.