The stock market continued to slip lower as selling pressure intensified as measured by our buying/selling index and our capitulation index. Hedging activity intensified as measured by various put/call ratios. It is interesting to note that the cumulative advance/decline lines on the NYSE and on the Nasdaq have broken down and stand at the level of the month of May. The list of stocks hitting fresh new 52 weeks lows has expanded especially on the Nasdaq index. In summary, the correction/consolidation is under way and may contribute to improve our indicators. Our short term trading model has turned down as most systematic models, that may attract selling activity from short term oriented traders.

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 profile6	54 (scale of 1 (low risk) to 100 (high risk))