The stock market has been trading all day long in a tight range ahead of the presentation of Mr Biden’s relief plan. Breadth closed on a strong note: 2’800 stocks advanced compared to 1’288 that settled down but prices are starting to lose momentum. We observed some buying pressure at the close and options traders are again piling up on calls, put/call ratios are approaching extremes readings. This observation is confirmed by the weekly survey among professional active portfolios managers. The index measuring their exposition in the market stands at the highs of the last few years. Again, there is a lot of complacency and greediness in this market. 
 

Very short term oscillator	Negative -
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	84 (scale of 1 (low risk) to 100 (high risk))