S&P 500 3426,96 -28,1.
The stock market sold off again at the opening before recovering, certainly helped by short covering before a long week-end. Some of our indicators improved slightly: we observed some moderation in the option market as traders were less eager to buy aggressively calls. On the other hand, we haven’t observed mass selling as measured by our buying/selling index and our capitulation index. Our short term trading model has started to turn down, that hasn’t happened for a long time.
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 | 75 (scale of 1 (low risk) to 100 (high risk)) |