The Fed did, without much conviction, what the market and Mr Trump expected ; now a new catalyst has to arise to drive prices higher. In the meantime, the stock market is still tracing out a correction/consolidation to work out the overbought conditions set up at the beginning of the month. We observed, again, some selling pressure during the trading session, as measured by our trading index. Weekly sentiment indicators appraised among private investors are evenly split between bulls, bears and the ones adopting a neutral attitude, this typically reflects the current market conditions of a consolidation of prices. Daily sentiment indicators observed in the options market are neutral to positive. Breadth settled slightly negative.

NEXT UPDATE MONDAY 23rd SEPTEMBER 2019