The S&P 500 tried to surpass the 2820 mark without success. We observed some heavy buying pressure, as measured by our buying/selling index and also some deterioration in the option market. The weekly sentiment survey among private investors stands at a neutral level whereas the Dow Jones Industrials is still weak compared to other major indexes. In summary, the stock market is flashing conflicting signals that characterizes in fact the correction/consolidation we are in.

Next update 18th March 2019