Market Pulse on August 6th

Olivier Rigot, EMC Gestion de Fortune

1 minute de lecture

S&P 500 2881,77 +37,03.

The stock market tried to mend its wounds after the previous day’s carnage. Hedging activity in the option market is still intense and some bargain hunting occurred here and there. Breadth closed on a strong note : 2577 stocks advanced compared to 1245 that settled down. Backing and filling activity may continue over the next few days as the market is tied up to any announcement linked to the US-China trade war. All systematic models are pointing down and active traders, having been taken by surprise last week, may not have had the time to unload their position, the selling pressure is not necessarily exhausted yet.

 

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