The stock market sold off sharply at the opening led by the tech sector. In some pockets of the market, it seems that the bubble has started to deflate although the comments of Mr Powell announcing that it is too early in the cycle to taper off gave confidence to investors and speculators that the party is still going on. Our indicators improved slightly although there is a long way to go until the risk profile index of the market becomes favorable. Breadth settled slightly down: 1638 stocks advanced compared to 2583 that settled down. Options traders have not really started to hedge their positions and greed has not disappeared. Our short model based on prices has started to turn down.

Very short term oscillator	Negative -
Short term oscillator	Neutral
RVI trend	Negative -
Trend short term (5 days)	Down ​​
Trend mid term (8 days)	Down ​​
Differential of trends	Up ​​
Risk profile	73 (scale of 1 (low risk) to 100 (high risk))