Market Pulse on November 15th

Olivier Rigot, EMC Gestion de Fortune

1 minute de lecture

S&P 500 3120,46 (+23,83).

The stock market closed again at an all high time Friday, surging in the last hour of trading. Two of our indicators flashed simultanesly a sell signal, a rare occurrence, historically forecasting a short term top and indicating that market participants have thrown out the towel and are ready to buy stocks at any price. Our fear/greed index, compiling various indicators confirmed the high level of greed measured in the market. The last time we observed this double occurrence happened on the 26th January 2018, just before the correction. Although we don’t anticipate the same scenario, volatility and price swings may well come back over the next few trading sessions.  

 

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