Market Pulse on April 3rd

Olivier Rigot, EMC Gestion de Fortune

1 minute de lecture

S&P 500 2873,4 +6,16.

The stock market opened on a strong note before succumbing under some profit taking later in the trading session. Our buying/selling index recorded some heavy selling pressure towards the close. Daily sentiment indicators closed mixed with some heavy buying of calls in individual stocks. Breadth is still strong with 2254 stocks advancing on the NYSE and 1472 that settled down. The weekly sentiment survey among private investors points out to a rather neutral situation with relatively few investors expecting a correction over the next few months, a somehow complacent attitude. There is still a possibility of a seasonal weakness in April that may improve somehow our global risk/profile index.

 

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