Market Pulse on August 6th

Olivier Rigot, EMC Gestion de Fortune

1 minute de lecture

S&P 500 2850,4 +10,05.

A quiet trading summer session in Wall Street but worth of interest. Breadth closed on a strong note : 2029 stocks advanced on the NYSE compared to 1365 that settled down. Our daily sentiment indicators are hovering around the neutral level which points out to a certain degree of cautiousness among options traders, although the market closed near the record highs. This augurs well for the future. The cumulative advance/decline line has started to break out on the upside, another positive point. We still expect a dip in the low 2800 to offer a good entry point for traders and investors.

A lire aussi...