S&P 500 3909,88 -1,35.
A day of consolidation for the main indexes. It is stunning that the hot money is playing everyday another theme, yesterday, it was the cannabis stock… Buying pressure on the Nasdaq is still important as measured by our buying/selling index which, on a ten day basis, is very overbought. Breadth settled slightly positive: 2175 stocks advanced on the NYSE compared to 1929 that settled down. The weekly sentiment survey among private investors points out to an increase of this category of market participants adopting a bullish stance. The bull/bear ratio stands at 1.75, near the highs of its historical trading band. Options traders continue to accumulate calls. Some of our indicators continue to be stuck on the ceiling like the SKEW index and the daily measures of sentiment (SENI index).
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 | 79 (scale of 1 (low risk) to 100 (high risk)) |