The stock market is still well entrenched in a correction/consolidation mode and may well test over the next few weeks the 200 days moving average at 4130. The cumulative advance/decline line is still weak on the NYSE and on the Nasdaq and pointing south. Options traders have started to become more cautious and they have increased their exposure in puts to protect their positions. The weekly sentiment survey among private investors points out to a more catious approach to the market compared to the last few months with a bull to bear ratio of 70.

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