Market Pulse on June 26th

Olivier Rigot, EMC Gestion de Fortune

1 minute de lecture

S&P 500 3009,05-74,71.

The unended increase of coronavirus cases and the release of the Fed stress tests led investors to stay on the sideline and watch how the market is going to manage the important 3000 level. Breadth settled negative with only 808 stocks advancing and 3132 closing lower. Options activity was more cautious than the previous days as calls were less bought. The market stands at a crossroad and this morning stock index futures are hovering around this mark. For the time being all systematic models are still pointing down without having reached a kind of oversold status.

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