Market Pulse on July 30th

Olivier Rigot, EMC Gestion de Fortune

1 minute de lecture

S&P 500 4395,26 -23,89.

The stock market spent last week hovering around the 4400 level without any clear direction. We observed last Friday some selling pressure as measured by our buying/selling index. Our indicators improved slightly as options trading has become more cautious as measured by various put/call ratios. The list of new highs improved slightly, especially on the NYSE. We still observe closely the internal momentum of the market as measured by the cumulative advance/decline line that has to recover strongly to justify the continuation of the bull market. 

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 profile6 52 (scale of 1 (low risk) to 100 (high risk))

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