Market Pulse on April 5th

Olivier Rigot, EMC Gestion de Fortune

1 minutes de lecture

S&P 500 2892,74 +13,35.

Internal momentum finished the week on a strong note: the cumulative advance/decline line accelerated and hit a record and our ten day oscillator based on the advance/decline line is also very overbought. The weekly and some of our daily sentiment indicators pointed out to some kind of complacency among market participants, this is corroborated by our fear/greed index that entered into the orange zone. Our risk profile index jumped also to the overbought area and some kind of correction/consolidation may be welcome to reset our indicators to a more favorable level.