Market Pulse on August 26th

Olivier Rigot, EMC Gestion de Fortune

1 minutes de lecture

S&P 500 2878,38 +31,27.

The stock market managed to stabilize after some kind of appeased statements and rebounded somehow after last Friday’s rout. The S&P futures challenged for the third time during the morning session the 2800 level and the 200 day moving average, a breaking point closely watched by chartists. Technically, some positive divergences were observed on indicators like RSI, stochastics and MACD. As mentionned yesterday, it may take some time to rebuild the confidence in this market that is on a regular basis destroyed by the aggressive posture of Mr Trump in its relations with the major economic partners of the US. Unfortunately, our model is not build to second guess Mr Trump’s mind…