Market Pulse on October 9th

Olivier Rigot, EMC Gestion de Fortune

1 minute de lecture

S&P 500 3477,13 + 30,30.

The stock market finished the week on a strong note although breadth wasn’t that impressive : 2202 stocks advanced compared to 1676 that settled down. Options traders were again active and betting on the upside by purchasing calls. The cumulative advance/decline line broadened last week and recovered from last month fall. Short term, the market is overbought by many measures, Investors are expecting a lot from the earnings season that is going to start this week.

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

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