Market Pulse on October 21st

Olivier Rigot, EMC Gestion de Fortune

1 minute de lecture

S&P 500 3435,66 -7,56.

A quiet trading day in Wall Street, the market has followed the same script as the previous days, it opened up strongly before trading sideways and closing weak. 1045 stocks closed on the upside on the NYSE, 2003 declined and we observed some buyings as measured by our buying/selling index. Options activity was fairly neutral, the weekly survey among private investors equally. In summary, the stock market is in a wait and see mode awaiting new impetus ahead of the announcement of an eventual stimulus package, earnings release, the election and the pandemic disease. Our indicators are neutral – and not helping much in establishing a short term forecast.

Very short term oscillator Negative -
Short term oscillator Negative -
RVI trend Negative -
Trend short term (5 days) Down
Trend mid term (8 days) Down
Differential of trends Down
Risk profile 64 (scale of 1 (low risk) to 100 (high risk))

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