Market Pulse on January 15th

Olivier Rigot, EMC Gestion de Fortune

1 minute de lecture

S&P 500 2610,3 +27,69.

The stock market continued to advance with good volume and solid breadth: 2330 stocks advanced compared to 1319 that closed down. Internal momentum is still strong which was not the case during the last quarter of 2018, an issue we mentionned repeatedly in our daily comments. Our ten day oscillateur based on the advance/decline line is still very overbought. Daily sentiment indicators are mostly neutral to positive, supporting the upmove. As mentionned yesterday, the S&P 500 has the potential to reach the 2650-2700 area before a more meaningful correction.

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