Market Pulse on September 30th

Olivier Rigot, EMC Gestion de Fortune

1 minute de lecture

S&P 500 3363 +27,53.

End of quarter window dressing and a delayed vote on the pandemic relief bill proposed by the Democrats induced some intraday volatility. We observed some buying pressure as measured by our buying/selling index whereas breadth closed almost square: 2129 stocks advanced compared to 1823 that settled down. Options traders were again active on calls buying whereas confidence of private investors is still not back as the bear to bull ratio stands at 60%, historically a low ratio.

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 Down
Risk profile 57 (scale of 1 (low risk) to 100 (high risk))

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