S&P 500 2733.01 +20.04.
After a few days of consolidation, the stock market jumped at the opening on muted fear of a trade war with China. This market action should bring the S&P 500 to our objective of 2750-80, we mentionned several times in our previous daily comments. Breadth settled on a strong note with 2373 stocks advancing compared to 969 that closed down and the cumulative advance/decline line closed at new highs confirming the strength of the internal momentum. Daily sentiment indicators closed at a neutral level.