Market Pulse on February 4th

Olivier Rigot, EMC Gestion de Fortune

1 minutes de lecture

S&P 500 2724,87 +18,34.

The stock market continued its advance towards an important resistance at 2741, the 200 days moving average, closely watched by technicians and chartists. We observed a swift jump of prices towards the close, accompanied by a high closing Tick, meaning that some traders and investors were «forced» to buy and deploy cash to be in the market. Breadth closed on a strong note: 2581 stocks advanced compared to 1232 that settled down. Daily sentiment indicators closed on a fairly neutral level, indicating that there is no excess speculation in the market yet.