The stock market broke sharply down, in heavy trading and weak breadth: 724 stocks settled up compared to 3465 that finished lower. Is it the start of a correction that may stop the speculation we observed over the last few weeks? Time will tell but there is ample room until our indicators come back to more attractive levels. It is interesting to note that despite the fall of prices, we observed a lot of buying pressure as measured by our buying/selling index on the NYSE and the Nasdaq; it means that market participants are using any weaknesses as an opportunity to buy. Options traders were still active on accumulating calls. The weekly survey among private investors reveals a neutral attitude among this category of investors. Our short-term trading model has started to turn 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	Up ​​
Risk profile	83 (scale of 1 (low risk) to 100 (high risk))