The selloff continued, erasing 2021 Nasdaq gains. The selling was broad based: 905 stocks advanced on the NYSE whereas 3366 declined. The ten day oscillator based on the advance/decline line is entering the oversold area. Bargain hunters are still investing money, either on the cash market or through options as measured by our buying/selling indexes and put/call ratios. It is interesting to note that stocks hitting fresh new 52 weeks lows surpassed the new highs for the first time for many months on the Nasdaq. Our short term model based on prices is entering the oversold area. The weekly survey among active professional portfolio managers is pointing out to some cautiousness from this category of market participants.

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	Down ​​
Risk profile	65 (scale of 1 (low risk) to 100 (high risk))