Market Pulse on May 13th

Olivier Rigot, EMC Gestion de Fortune

1 minute de lecture

S&P 500 2811,87 -69,53.

The stock maket sold off on heavy selling pressure as measured by our buying/selling index, our fear/greed index and our capitulation index. Over a couple of days the psychology behind the market has turned from complacency to deep fear which is a good news. The S&P 500 has entered into the support area we mentionned in our previous comments between 2775-2800. Our risk profile index improved swiftly and has entered ino the pre-green light zone. It will be interesting to watch Thursday and Friday the investor’s survey measuring the sentiment of private and active professional managers.

Next update Monday 20th May 2019

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