Market Pulse on April 9th

Olivier Rigot, EMC Gestion de Fortune

1 minutes de lecture

S&P 500 4128,8 +31,63.

The S&P 500 closed the week on a strong note and at a record level although breadth wasn’t that impressive: 2238 stocks advanced compared to 1881 that settled down; on the Nasdaq, breadth was negative. Nevertheless, the cumulative advance/decline line measured by its 10 day oscillator is overbought. Options trading was neutral with some improvement in put/call ratios. The Vix continues to slide indicating that the risk perceived by market participants is declining, this is confirmed by the latest bull/bear ratio among private investors we mentioned last week. Complacency is observed across the board, a warning sign.

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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