Market Pulse on January 29th

Olivier Rigot, EMC Gestion de Fortune

1 minutes de lecture

S&P 500 2640 -3,85.

The stock market is still on hold, trading in a tight range. We observe a slight improvement of our indicators which stand mostly on the neutral level. Internal momentum is still strong : the cumulative advance/decline line continues to climb, standing at the highest level since the beginning of the year and the closing Tick index is firmly entrenched on the positive side, indicating that heavy money flow is coming back into the markets. This is positive for the sustainability of the upmove.