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)) |