Market Pulse on August 31st

Olivier Rigot, EMC Gestion de Fortune

1 minute de lecture

S&P 500 3500,31 -7,7.

Another strange day in Wall Street, most indexes closed lower except the Nasdaq, breadth finished negative: 1267 stocks advanced compared to 2581 that finished down on the NYSE. On the Nasdaq, the situation was similar: 1289 stocks advanced compared to 2115 that finished lower. The cumulative advance/decline line on the NYSE and on the Nasdaq continues to lose momentum, this pattern has to be monitored closely over the next few trading sessions. Options traders were still active on the buy side.

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

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