Market Pulse on July 14th

Olivier Rigot, EMC Gestion de Fortune

1 minute de lecture

S&P 500 3197,52 +42,30.

The Dow Jones Industrials took the lead after the tech sector ceded some ground over the last few days and some rotations among sector are under way. The stock market shrugged off the heavy provisions the banking sector has to incur due to the economic crisis and prices accelerated towards the closing bell. Breadth closed on a positive note: 2554 stocks advanced compared to 1349 that settled down although internal momentum these days is less buoyant than during the upmove in June in this price area. Options traders are again buying heavily calls and the put/call ratio stands at the lowest level for many years. Complacency among market participants appears evident.

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

 

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