Market Pulse on May 4th

Olivier Rigot, EMC Gestion de Fortune

1 minute de lecture

S&P 500 2830,71 -81,72.

A day of bargain hunting after three days of decline focused on the same bellwether stocks that are still holding the market. Sytematic models are still on the verge to turn down but have not yet. Most of our indicators closed at a neutral level for the day, breadth closed slightly negative: 1872 stocks advanced compared to 2020 that settled down. The S&P 500 may encounter a resistance in the vicinity of 2850-75.

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