S&P 500 3768,25 -27,29.
The stock market closed the week slightly lower on negative breadth: 1292 stocks advanced compared to 2802 that settled down. Hedging activity improved somehow as options traders were less euphoric on chasing calls. Nevertheless, our ten day oscillator on our fear/greed index points out to the highest level of greed in the market for the last few months. The market is losing momentum as our short-term trading model has started to turn down on some of its components. The risk profile index improved slightly.
|Very short term oscillator||Negative -|
|Short term oscillator||Positive +|
|RVI trend||Positive +|
|Trend short term (5 days)||Down |
|Trend mid term (8 days)||Up |
|Differential of trends||Up |
|Risk profile||81 (scale of 1 (low risk) to 100 (high risk))|