S&P 500 4575 +32.
The stock market started the week on a positive note although breadth wasn’t impressive on the NYSE and on the Nasdaq. The market is overbought by many measures as it approaches key resistances: i.e. on the Nasdaq 14500 (close 14354). Options traders continue to adopt a positive attitude towards the future course of the market and are piling on calls as measured by put/call ratios.
| 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 | 58 (scale of 1 (low risk) to 100 (high risk)) |
