Market Pulse on March 5th

Olivier Rigot, EMC Gestion de Fortune

1 minute de lecture

S&P 500 3841,94 +73,47.

The stock market, after an initial weakness, rallied strongly in the afternoon in heavy volume and strong breadth: 3135 stocks advanced compared to 1122 that settled down. Sector rotation continues and the actual volatility in the market is typical of this kind of market action. In our view the bubble in certain pockets of the market still has room to deflate and high-flying stocks with more than generous valuation are in danger. Options traders are getting more cautious and hedging activity has started to increase. This led our risk profile index, measuring the risk of the whole market, to improve slightly.

Very short term oscillator Negative -
Short term oscillator Negative -
RVI trend Negative -
Trend short term (5 days) Down
Trend mid term (8 days) Down
Differential of trends Down
Risk profile 63 (scale of 1 (low risk) to 100 (high risk))

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