Market Pulse on January 30th

Olivier Rigot, EMC Gestion de Fortune

1 minutes de lecture

S&P 500 2681,05 +41,05.

The stock market jumped to the upper boundary of the recent trading range, a test of the resistance at 2700 is still in the cards. Internal momentum is still very strong: 3145 stocks advanced compared to 776 that settled down. This confirms that the January move is more than just a correction in a downtrend but signals that a new bull market is in force. Daily and weekly sentiment indicators are neutral. After a strong month of January, February may take the shape of a consolidation period, time will tell…