Market Pulse on August 14th

Olivier Rigot, EMC Gestion de Fortune

1 minute de lecture

S&P 500 2840,6 -85,72.

The roller coaster continues on the stock market and we attended yesterday to a real carnage with indiscriminate selling pressure across the board. Our indicators measuring capitulation by market participants reached extreme readings, similar to the ones reached at the end of December 2018, interesting! (Buying/selling index, buying/selling pressure index, capitulation index and the Seni Index). The daily and weekly sentiment indicators also paint a picture of excessive bearishness and fear among various categories of investors. These readings are historically been associated with major bottoms, the next few days are going to deliver the answer…

 

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