Market Pulse on August 16th

Olivier Rigot, EMC Gestion de Fortune

1 minute de lecture

S&P 500 4479,1 + 11,71.

Over the last two days, the stock market continued to creep higher although breadth has not been impressive: 1’501 stocks advanced compared to 2’586 that settled down at the close on Monday. The cumulative advance/decline line we mentionned several times has not recovered and on the Nasdaq is pointing south, this negative divergence has to be monitored closely in the near future as internal momentum is fading. Options trading as measured by put/call ratios is fairly neutral. 

Very short term oscillator Positive +
Short term oscillator Positive +
RVI trend Positive +
Trend short term (5 days) Up
Trend mid term (8 days) Up
Differential of trends Up
Risk profile6 56 (scale of 1 (low risk) to 100 (high risk))

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