Market Pulse on January 21st

Olivier Rigot, EMC Gestion de Fortune

1 minute de lecture

S&P 500 3853,07 +1,22.

A quiet trading day in Wall Street and a welcome consolidation after the previous day’s swift upmove. The picture is still the same, a market overbought by almost any measures and a lot of optimism among various market participants. Options traders continue to pile up on calls. Our buying/selling index on the Nasdaq points out to a lot of buying pressure and the index measuring the sentiment of active professional portfolios managers stands at an all time high. The weekly survey among private investors shows a more measurate attitude among this category of investors with a bull to bear ratio of 1.23

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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