Market Pulse on October 7th

Olivier Rigot, EMC Gestion de Fortune

1 minute de lecture

S&P 500 2938,79 -13,22.

The stock market stopped its recovery at 2960 and should trade sideways over the next few trading sessions before new impetus kicked in. Breadth reflected some profit taking: 1480 stocks advanced compared to 2271 that settled down. The tick index closed postitive, reflecting positive money flow at the close. We expect the market to fluctuate between 2920-2960, the time needed for systematic models to turn up. The risk profile index is attractive for investors, willing to build positions.

 

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