S&P 500 2880,34 -4,09.
The stock market tried to stabilize after a weak opening. Breadth closed on a slightly negative note with 1644 stocks advancing compared to 1876 that settled down. We observed some hedging activity during the trading session and some selling pressure after the bargain hunting of the previous days but there is no panic selling and our capitulation index is still painting a too rosy situation yet. There is still a long way before our model becomes really attractive.