Over the last two weeks, the stock market continued to break records after records with decent volume and breadth. Although, the cumulative advance/decline lines on the Nasdaq and on the NYSE didn’t break new highs, they are supporting prices. Basically, the picture is still the same as two weeks ago : the VIX index is hovering at a low level, around 16 whereas the SKEW index and the daily sentiment index (SENI) are still trading around the upper band of their historic range. Options trading activity is fairly neutral. The weekly sentiment surveys among individual investors and professional active portfolios managers are still pointing out to a lot of optimism from this categories of investors as they are very confident and complacent.  

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 profile6	64 (scale of 1 (low risk) to 100 (high risk))