Market Pulse on April 10th

Olivier Rigot, EMC Gestion de Fortune

1 minute de lecture

S&P 500 2656,87 +43,71.

The stock market jumped on heavy volume and good breadth: 2231 stocks advanced compared to 703 that settled down. As mentionned in our previous comments, systematic traders and short sellers are getting nervous as their models are starting to turn up and we may have seen yesterday some short coverings as measured by our buying/selling index and our capitulation index that, both, reached extreme buying on a daily basis. The bottoming process is taking place and our global risk profile index still stands at an attractive level. 

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