The 4th quarter started on a strong note with solid breadth (2888 stocks up, 1318 down). Heavy buying materialized as measured by our capitulation index. It will be interesting to observe if Friday’s activity was a mere reflex rally or could be sustained. We still are of the opinion that the 200 days moving average may be tested during the fall. Options trading settled on a fairly neutral note.

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	49 (scale of 1 (low risk) to 100 (high risk))