Market Pulse on August 19th

Olivier Rigot, EMC Gestion de Fortune

1 minutes de lecture

S&P 500 2923,65 +34,97.

The stock market followed through the previous day’s advance with good volume, less short covering and strong breadth: 2751 stocks advanced compared to 992 that settled down. The S&P 500 couldn’t surpass the 2935-40 resistance. In the option market, traders were eager to play the upside by buying calls, especially on stocks, less on indexes. Over the next few days we expect volatility to come down and some backing and filling on prices. The low 2900 may eventually be retested.

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