Market Pulse on April 8th

Olivier Rigot, EMC Gestion de Fortune

1 minutes de lecture

S&P 500 4097,17 +17,22.

The stock market digested the Fed statement and crept higher, reaching new highs on the S&P 500 although breadth closed moderately positive: 2641 stocks closed up compared to 1476 that settled down. The ten day oscillator based on the advance/decline line on the NYSE is overbought although the same measure on the Nasdaq is neutral. The cumulative advance/decline line is still lagging on the Nasdaq although big cap stocks recovered and played somehow the rule of safe heaven. Options trading was fairly neutral. Active professional money managers have again adopted a very positive view on the future course of the market joining individual investors as mentioned yesterday.   

Very short term oscillator Positive +
Short term oscillator Positive +
RVI trend Positive +
Trend short term (5 days) Up
Trend mid term (8 days) Up
Differential of trends Up
Risk profile 78 (scale of 1 (low risk) to 100 (high risk))

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