Market Pulse on October 18th

Olivier Rigot, EMC Gestion de Fortune

1 minute de lecture

S&P 500 2986,2 -11,75.

The S&P 500 is still hovering just below the 3000 mark without any impetus. We observed intense hedging activity in the option market with a lot of puts purchased on equities in the CBOE pit, this may be due on a large transaction on specific stocks (JNJ?). Otherwise, breadth closed almost even although the cumulative advance/decline line is close to new highs, a good news for the sustainability of the bull market. Most of our indicators are neutral which bring gour global risk profile index to the same state.

 

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