The selloff intensified in the stock market after most indexes broke their pivot points. Breadth, the list of new 52 weeks lows and our capitulation index confirmed this observation. On the NYSE: 706 stocks advanced compared to 3623 that settled down. Our ten days oscillator based on the advance/decline line is oversold, meaning that in a few days, the market lost a lot of internal momentum. Options traders have started, during the previous market sessions, to buy more puts although the activity has not reached an extreme. The financial bubble in some sectors has started to deflate, it will be interesting to observe how good quality stocks will perform in this environment. The price of the Bitcoin is finally trading under 30’000, objective 20’000.

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 profile6	51 (scale of 1 (low risk) to 100 (high risk))