Market Pulse on April 13th

Olivier Rigot, EMC Gestion de Fortune

1 minute de lecture

S&P 500 2656.30 -7.69.

The stock market suffered minor selling pressure ahead of the week-end and uncertainties around Syria. The risk profile of the market is still positive and we may envision a short term objective at 2750 on the S&P 500. The scenario of a wide trading range we mentionned several times in our comment is still valid and may continue until the summer. Internally, the advance/decline line has to recover from the damages suffered in January and that may take some more time. Last Friday, only 1248 stocks advanced on the NYSE compared to 1618 that settled lower. 

 

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