Market Pulse on August 17th

Olivier Rigot, EMC Gestion de Fortune

1 minute de lecture

S&P 500 3381,99 + 9,14.

Another quiet trading day with the S&P 500 trying to challenge its all time highs, we observed some selling pressure as measured by our buying/selling index. Breadth closed slightly positive: 2100 stocks advanced compared to 1739 that settled down, options activity is still tilted to the upside with traders buying more calls than puts. Some of our daily sentiment measures ares still hovering around the highs of its historical trading range, indicating that there is a lot of complacency from market participants at this level. This is confirmed by the weekly survey among active professional porfolio managers. 

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 72 (scale of 1 (low risk) to 100 (high risk))

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