Market Pulse on October 4th

Olivier Rigot, EMC Gestion de Fortune

1 minute de lecture

S&P 500 4300,46 -56,58.

Selling pressure resumed across the board although some of our indicators pointed out to some bargain-hunting activity on the NYSE. This means that any capitulation process has not started yet. Put/call ratios improved as traders are buying puts to protect their positions. Breadth wasn’t that bas as 1484 stocks advanced on the NYSE compared to 2775 that settled down, nevertheless, the cumulative advance/decline line continues to point south.

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

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