Market Pulse on June 9th

Olivier Rigot, EMC Gestion de Fortune

1 minute de lecture

S&P 500 4017,8 -97,95.

The stock market deceived again investors who were expecting a market rebound beyond the 4200 level we correctly identified as a resistance level weeks ago. Prices fell back under heavy selling pressure as measured by our buying/selling index and our capitulation index. Breadth closed on a very weak note: 678 stocks advanced compared to 3638 that settled down. Options traders increased their exposure in puts as measured by put/call ratios. The weekly survey, compiled before yesterday’s fall points out to some kind of renewed optimism among professional active money managers as the index stands at 50 on a scale of 0 to100. 

Very short term oscillator Negative -
Short term oscillator Negative -
RVI trend Negative -
Trend short term (5 days) Down
Trend mid term (8 days)


Differential of trends Up
Risk profile 37 (scale of 1 (low risk) to 100 (high risk))

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