S&P 500 4166,45 -55,41.
Selling pressure intensified during the last trading session of the week as measured by our buying/selling index. Our short term trading model turned down and the market is in a correction mode that should help to alleviate ist overbought status. Options traders started to buy puts to protect their positions as measured by put/call ratios. Breadth closed on a weak note: 1002 stocks advanced on the NYSE whereas 3170 settled down.
Very short term oscillator | Negative - |
Short term oscillator | Negative - |
RVI trend | Negative - |
Trend short term (5 days) | Down ![]() |
Trend mid term (8 days) | Down ![]() |
Differential of trends | Down ![]() |
Risk profile6 | 64 (scale of 1 (low risk) to 100 (high risk)) |