Market Pulse on July 12th

Olivier Rigot, EMC Gestion de Fortune

1 minute de lecture

S&P 500 3013,77 +13,86.

The stock market continues to creep slightly higher, closing above the 3000 mark on the S&P 500. Breadth improved: 2459 stocks advanced compared to 1227 that settled down. The cumulative advance/decline line continues its ascend, confirming the strong internal momentum of the market. Daily sentiment indicators deteriorated slightly pointing out to renewed confidence among options traders to play the upside of the market by buying calls but without any excess speculation at this stage. The risk profile index deteriorated slightly, approaching the 70 reading.

 

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