Market Pulse on January 7th

Olivier Rigot, EMC Gestion de Fortune

1 minute de lecture

S&P 500 2549,69 +17,75.

We wish our faithful readers a happy and prosperous new year 2019.

2018 has been a challenging year in the markets with swift, hectic and volatile up and downmoves. Our methodic and cautious approach bore fruit as our trading account based on "Market pulse" yielded a 12% return net of fees.

The stock market followed through Friday’s advance with solid breadth and good internal momentum: 2954 stocks advanced compared to 788 that settled down. The Tick index settled at 580, meaning that a lot of buying orders hit the floor at the close. Daily sentiment indicators closed mostly neutral to positive. Most of the systematic models used in the market turned up which should bring additional buying power.

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