Market Pulse on November 9th

Olivier Rigot, EMC Gestion de Fortune

1 minute de lecture

S&P 500 3550,5 +41,06.

After a forced pause due to the COVID, we are back to our desk. The last two weeks have been rich in events, swift up and down moves and sector rotations. Our indicators again paint a picture of overbought conditions across the board: internal momentum, daily sentiment indicators, our systematic models based on prices, our buying/selling pressure index and our fear/greed index. It is interesting to note that the cumulative advance/decline line has not yet recovered the top reached in September. More to come in the next few comments.

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 72 (scale of 1 (low risk) to 100 (high risk))

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