Market Pulse on January 12th

Olivier Rigot, EMC Gestion de Fortune

1 minutes de lecture

S&P 500 3801,19 + 1,58.

Another very quiet trading session in Wall Street, which is quite unusual at this period of the year and especially after the roller coaster of last year. The bright spot is internal momentum that continues to be strong: 2746 stocks advanced compared to 1334 that settled down. We observed that there is still a lot of buying pressure, as measured by our buying/selling index although again prices barely moved. Our fear/greed ratio is also very overbought and has reached the highest level on a ten days basis since last year. Options traders are again piling up on calls as put/call ratios deteriorated. The SKEW index and the daily aggregate of sentiment indicators are again standing in the red zone. In summary, a mixed bag but the stock market is overbought on almost any measures and complacency among market participants stands at a very high level. 

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

A lire aussi...