Market Pulse on November 18th

Olivier Rigot, EMC Gestion de Fortune

1 minute de lecture

S&P 500 3567,79 -41,74.

Prices accelerated to the downside towards the close after New York announced the closure of the schools. Selling pressure wasn’t tense especially on the Nasdaq as measured by our buying/selling index and our capitulation index. Daily and weekly sentiment indicators continue to point out to a high level of optimism among various market participants. As stated yesterday, most of our indicators are still hovering in the very overbought zone and some consolidation/correction process is still needed to work out this situation.

Very short term oscillator Positive +
Short term oscillator Positive +
RVI trend Positive +
Trend short term (5 days) Up
Trend mid term (8 days) Up
Differential of trends Up
Risk profile 75 (scale of 1 (low risk) to 100 (high risk))

A lire aussi...