S&P 500 2635,67 -19,13.
The stock market continues to sail through shaky waters with up and down moves in a range that gets tighter. The latest Fed announcement, although expected, induced some volatility. We still think that the stabilisation process, following the January decline is still ongoing and may take some more time before the market can resume its uptrend after having set up a solid bottom. Weekly sentiment indicators are a reflection of this mixed bag with a neutral reading from the bullish consensus.