Market Pulse on June 19th

Olivier Rigot, EMC Gestion de Fortune

1 minute de lecture

S&P 500 2762.59 -11.16.

The stock market is following the same scenario as the days before: a selloff at the opening followed by a recovery during the trading session. The market is very resilient to any bad news and internal momentum continues to be strong although the risk profile index stands at a fairly high level. Breadth settled slightly negative with 1391 stocks closing up and 1962 finishing on a down tick. Daily sentiment indicators closed at a neutral level with moderate hedging activity. Systematic models started to turn down which may induce traders to reduce their long positions and bring some selling pressure.

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