The stock market rebounded somehow after Tuesday’s fall. Breadth wasn’t that impressive: 1880 stocks advanced compared to 1034 that settled down. We observed some hedging activity in the option market and the weekly sentiment survey among private investors is improving slightly. The scenario we envisioned a couple of days ago is still in force with a target in the 2930-50 area that used to be a ceiling during the month of August..

NEXT UPDATE 30TH SEPTEMBER 2019