Market Pulse on July 5th

Olivier Rigot, EMC Gestion de Fortune

1 minute de lecture

S&P 500 2990,41 -5,41.

The stock market reacted very well to the smooth statement concluding the last G20 meeting and surged higher with dynamic breadth, invalidating our scenario of a mild correction to the 2870-90 area. The cumulative advance/decline line broke decisevely to record level, indicating that underlying momentum is very strong. Our risk profile index is hovering around the neutral level and daily and weekly sentiment indicators are equally neutral, we haven’t noticed any excess speculation at this stage.

 

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