The stock market reversed course at mid session and sold off towards the close, led unusually by the Nasdaq. Breadth swinged from very positive to negative: 1559 stocks advanced compared to 2401 that settled down. Options traders continue to pile on calls, the ten day put/call ratio on the CBOE stands almost at the lowest level ever, indicating that traders are very confident and are playing aggressively the upside of the market, a warning sign. Our buying/selling index on the NYSE and on the Nasdaq is also very overbought, which is also the case for our buying/selling pressure index.

Very short term oscillator	Negative -
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	82 (scale of 1 (low risk) to 100 (high risk))