Market Pulse on September 2nd

Olivier Rigot, EMC Gestion de Fortune

1 minute de lecture

S&P 500 3580,84 +54,19.

Prices accelerated througout the day and it is not impossible, if we are in a bubble of gigantic proportion, that they become parabolic, a reminder of the japanes market in the 80’s where valuation had no importance anymore. Breadth was ok: 2549 stocks advanced compared to 1313 that settled down, improving a little bit the cumulative advance/decline line. Put/call ratios continue to register heavy calls buying. The only indicator that is not overbought is the bull/bear ratios. The weekly investment survey among private investors doesn’t point out to euphoria from this category of investors. 

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

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