Over the last two weeks and a half, the whole picture hasn’t changed much, the stock market continues to creep slightly higher lead mostly by the same sectors and stocks. There is still a lot of activity in the option market, traders are buying heavily calls to play the upside of the market. The market is still overbought by most measures and doesn’t cool down. The participation is relatively narrow, the cumulative advance/decline line on the NYSE hasn’t topped the highs reached early June. There is also a discrepancy in sentiment as private investors are neutral to bearish whereas professional portfolio managers are still very positive. Overall the market paints a mixed picture with a risk profile that stays in the overbought area.

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