Market Pulse on April 12th

Olivier Rigot, EMC Gestion de Fortune

1 minute de lecture

The same index on the NYSE is stronger, this discrepancy has to be observed closely over the next few weeks as this kind of divergence may foreshadow some potential problems.

A very quiet trading day with not much to report. We observed some selling pressure as measured by our buying/selling index, breath closed slightly negative: 1996 stocks advanced compared to 2129 that settled down. It is interesting to note that the cumulative advance/decline on the Nasdaq peaked early February and since then had difficulties to rebound. The same index on the NYSE is stronger, this discrepancy has to be observed closely over the next few weeks as this kind of divergence may foreshadow some potential problems. Options trading was fairly neutral.

Very short term oscillator Positive +
Short term oscillator Positive +
RVI trend Positive +
Trend short term (5 days) Up
Trend mid term (8 days) Up
Differential of trends Up
Risk profile 75 (scale of 1 (low risk) to 100 (high risk))

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