S&P 500 4192,66 +11,49.
A relatively quiet trading day in Wall Street with slight discrepancies among various indexes. Breadth closed on a relatively strong note: 2886 stocks advanced on the NYSE compared to 1327 that settled down. Options trading was fairly neutral. Most of our indicators are still hovering around their historic overbought level, a kind of consolidation/correction in May may bring them back to more attractive levels. Inflation is clearly back everywhere as the Fed continues to add liquidity at a rate of usd 120 billion per month. Is the bubble going to deflate? follow closely the Russell 2000 index as a potential head & shoulder pattern may taking place.
|Very short term oscillator||Neutral|
|Short term oscillator||Neutral|
|RVI trend||Positive +|
|Trend short term (5 days)||Up |
|Trend mid term (8 days)||Up |
|Differential of trends||Up |
|Risk profile||66 (scale of 1 (low risk) to 100 (high risk))|